Reprinted with permission from Consumer Financial Services Law Report.

On April 27, 2011, the U.S. Supreme Court, in a landmark decision, issued its long-awaited opinion in AT&T Mobility LLC v. Concepcion, holding 5-to-4 that the Federal Arbitration Act, 9 U.S.C. ยงยง 1 et seq., preempts state laws that invalidate class action waivers in consumer arbitration agreements. ...

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