Legal News

USA—arbitration clause found to be unconscionable (Lipsett v Banco Popular)

Published on: 15 December 2022
Published by a Law360 reporter

Table of contents

  • What did the court decide?

Article summary

Law360: A judge in the US District Court for the Southern District of New York has declined to send a proposed class action accusing Banco Popular North America of charging unfair overdraft fees to arbitration, ruling that an arbitration clause the bank added to its contract four years after the claimant opened his account was unconscionable.

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