Jul
19
The United States Court of Appeals for the Second Circuit rules that a lawsuit over hidden fees in student loan promissory notes may proceed to class-action status. A clause compelling case-by-case arbitration was found to be unconscionable and unenforceable under the California Civil Code.
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The United States Court of Appeals for the Second Circuit rules that a lawsuit over hidden fees in student loan promissory notes may proceed to class-action status. A clause compelling case-by-case arbitration was found to be unconscionable and unenforceable under the California Civil Code. — Mark Kantrowitz, publisher of FinAid.org and FastWeb.com View full post on Student Loans – New York Times