RICHMOND, Va. - The Fourth Circuit U.S. Court of Appeals on April 11 affirmed a district court's dismissal of a petition to compel arbitration of state law claims brought by borrowers against "payday" loan servicers in state court, agreeing with the district court that neither the loan servicers nor the bank that allegedly issued the loans satisfied the Federal Arbitration Act's (FAA) requirements to bring the petition to federal court (Community State Bank, et al. v. Tommy Knox...(read more)![]()
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