ST Alpha - "So Wells is trying to make all the people that they opened accounts for go through arb rather than class action per their agreement with the bank." (Reading a Post)

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So Wells is trying to make all the people that they opened accounts for go through arb rather than class action per their agreement with the bank.

Posted by spamlet Dec 7 '16, 09:45

There's a small problem with that. For customers that never agreed to open the accounts, they never agreed to be held to arbitration for those accounts either. So can Wells force them into arbitration because they agreed to go to arbitration when they opened legitimate accounts?

I'd imagine this will be at SCOTUS in a few years (www.nytimes.com)

Responses:

"How can people be bound to a contract they had no knowledge nor desire to enter -- nm - zeit spiced geist Dec 7, 13:39 1
- It echoes what a gypsy scammers said to npr, his victims wanted to give their money to him, he was relieving them of the burden -- nm - zeit spiced geist Dec 7, 13:45
I imagine the makeup of SCOTUS in a few years will rule for the corporation. -- nm - jnine Dec 7, 11:37
That sounds like some BS -- nm - ML Dec 7, 09:59

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So Wells is trying to make all the people that they opened accounts for go through arb rather than class action per their agreement with the bank.

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