You Can’t Seriously Be Saying Consumer Advocates Should Let the Unbanked Pay Prepaid Fees?

By | The Shriver Brief | June 25, 2013
You Can’t Seriously Be Saying Consumer Advocates Should Let the Unbanked Pay Prepaid Fees?

A recent blog post, entitled “The Top 4 Reasons the Unbanked Pay Prepaid Fees & Why Consumer Groups Should Let Them,” advocates prepaid cards as a good alternative to bank accounts for people who are unbanked and perpetuates three common myths about banks, the unbanked, and prepaid cards. Let’s clear up these widespread misconceptions once and for all.

American Express V. Italian Colors Restaurant Supreme Court Decision: Potential Insurance Industry Impact

The U.S. Supreme Court recently issued its opinion in American Express Company v. Italian Colors Restaurant, No. 12-133, addressing whether an arbitration clause prohibiting class-action arbitrations is enforceable when the cost of arbitrating a federal statutory claim on an individual basis exceeds the potential recovery.

No Right to Bring a Class Action – American Express Co. V. Italian Colors Restaurant

No Right to Bring a Class Action – American Express Co. V. Italian Colors Restaurant

At the end of last week, the Supreme Court decided American Express Co. v. Italian Colors Restaurant, which further refined the Court’s approach to arbitration of class actions. Most importantly, it eliminated the “vindication of rights” exception to enforcing arbitration clauses.