Comments on: AMEX Allows You to Opt-Out of Mandatory Arbitration http://www.mouseprint.org/2012/12/03/amex-allows-you-to-opt-out-of-mandatory-arbitration/ Exposing the strings and catches buried in the fine print. Fri, 24 May 2013 02:00:06 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: anonymous http://www.mouseprint.org/2012/12/03/amex-allows-you-to-opt-out-of-mandatory-arbitration/comment-page-1/#comment-302115 anonymous Tue, 04 Dec 2012 20:05:15 +0000 http://www.mouseprint.org/?p=5732#comment-302115 I opted out of arbitration with my bank years ago but have discovered that this only covers the services I had at the time of opt out (checking, savings credit card) and I’d have to opt back into arbitration if I want any other service (like electronic document delivery) from the bank. Don’t make the same mistake I made — first sign up for all the services you want, then opt out because your opt-out will only cover the services you had at the time of opt out.

]]> By: Marty http://www.mouseprint.org/2012/12/03/amex-allows-you-to-opt-out-of-mandatory-arbitration/comment-page-1/#comment-302092 Marty Mon, 03 Dec 2012 22:49:00 +0000 http://www.mouseprint.org/?p=5732#comment-302092 You’re not alone, Joan. I too read it a few times, to fully “get it”, since it seemed counter-intuitive. My form is going out tomorrow. My overly cynical self will mail it Return Receipt.

]]> By: Joan Greenberg http://www.mouseprint.org/2012/12/03/amex-allows-you-to-opt-out-of-mandatory-arbitration/comment-page-1/#comment-302089 Joan Greenberg Mon, 03 Dec 2012 17:03:45 +0000 http://www.mouseprint.org/?p=5732#comment-302089 Thank you for the wonderful information you provide.

I had to read it several times to “get” it. Hard to believe my eyes.

Will definitely be one of the few to mail in the Arbitration Rejection Notice.

]]> By: RobS http://www.mouseprint.org/2012/12/03/amex-allows-you-to-opt-out-of-mandatory-arbitration/comment-page-1/#comment-302088 RobS Mon, 03 Dec 2012 16:38:22 +0000 http://www.mouseprint.org/?p=5732#comment-302088 This is the same problem with the CA Teachers Union…you can opt-out of them taking your money and using it for whatever political purposes they want (whether it benefits the members or not…typically just the union leaders), but the process is very convoluted and difficult to determine and apply.

What I think would be much better is an opt-in strategy but, of course, that would not be to the company’s (or union’s) advantage.

This would be much better consumer protection: “if you would like to opt-in for arbitration, please contact us by Feb 28, 2013 stating as such.”

]]> By: Mindy http://www.mouseprint.org/2012/12/03/amex-allows-you-to-opt-out-of-mandatory-arbitration/comment-page-1/#comment-302087 Mindy Mon, 03 Dec 2012 15:12:13 +0000 http://www.mouseprint.org/?p=5732#comment-302087 I just really don’t see how a company is allowed to put a “rule” in their clauses that says you can not take them to court.

Can I do that as a person? Unless you inform me in writing to “opt out” you can never sue me, you have to go through arbitration where I pick the arbitrator.

I am just so sick of all the “protection” all these big companies have. Even when they are found guilty, all they do is continue to fight it for years and years. The winners are the lawyers as they get to make money “forever”.

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