BUSINESS

In A First, Bank Of America Ends Arbitration Of Credit Card Disputes

09/13/2009 05:12 am ET | Updated May 25, 2011

NEW YORK (Reuters) - Bank of America Corp, the largest U.S. bank, said on Thursday it is dropping a requirement that forces consumers with disputes on credit cards and other accounts into an arbitration process, which critics say favors card issuers.

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