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Chase bank is quietly adding a forced arbitration clause to some credit cards

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JPMorgan Chase is quietly re-introducing a heavy-handed legal maneuver. Today, its Slate credit card customers received an email that the bank was updating its account terms. In the message was a lot of legalese about certain tweaks, and it included one big addition: forced arbitration.

According to Chase, the new agreement includes a new section entitled “Binding Arbitration.” The section goes as follows:

This arbitration agreement provides that all disputes between you and Chase must be resolved by BINDING ARBITRATION whenever you or we choose to submit or refer a dispute to arbitration. By accepting this........

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