Dispute Against Credit Card Company Promising To Help Rebuild Credit Has To Be Arbitrated.

Credit card was marketed to be used to “rebuild poor credit.”  The company was sued in a class action for misrepresentation.  Credit card users signed arbitration agreement in the application.   But the Credit Repair Organizations Act [CROA; 15 U.S.C. §1679c(a)] states:  “You have a right to sue a credit repair organization that violates the [Act].”  The trial court found that Congress intended claims under the CROA to be con-arbitrable, and the Ninth Circuit affirmed.  The United States Supreme Court reversed, finding the Federal Arbitration Act [ FAA; 9 U.S.C. §1] required the matter be arbitrated, and that “had Congress meant to prohibit these very common [arbitration] provisions in the CROA, it would have done so in a manner less obtuse.”  CompuCredit Corp. v. Greenwood  (U.S. Sup. Ct.; January 10, 2012) 132 S.Ct. 665, [181 L.Ed.2d 586].