The American Financial Services Association (AFSA) filed an amicus brief before the Missouri Supreme Court in a case involving the enforceability of arbitration provisions in loan agreements. In Bridgecrest Acceptance Corp. V. Kelly Donaldson and Robert Haulcy, AFSA wrote in support of the Plaintiff (Bridgecrest Acceptance), arguing that a lower court’s recent decision to not apply an arbitration agreement was at odds with binding legal precedent set by the higher court. In addition, the brief contended that the Appeals Court ignored the mandate of the Federal Arbitration Act, along with both U.S. and Missouri recognition of arbitration as a preferred means of dispute resolutions.
A serious concern is that the lower court’s decision adds to the already inconsistent and unpredictable application of Missouri law surrounding arbitration agreements. AFSA wrote that “because the Eastern District’s opinion…adds to the uncertainty that plagues entities attempting to do business or considering doing business in Missouri, it is crucial that this Court recognize the existence of its clear-cut rule concerning what constitutes a valid arbitration provision…”
AFSA Files Amicus Brief in Arbitration Case
Sep 29, 2021
House Passes National Defense Authorization Act
Sep 27, 2021
Remarks from the FDIC You Can Bank On
Sep 16, 2021
AFSA is pleased to announce that Jelena McWilliams is confirmed as a featured speaker for AFSA’s Annual Meeting in Washington, D.C., from October 24 through October 27.
Ms. McWilliams was sworn in as the 21st Chairman of the FDIC on June 5, 2018.… Read the rest
Consumers have been trained by the big tech companies to expect instant 24/7 everything, including loan approvals. AI-driven lending, by using more data and smarter math, delivers consistent and fast credit decisions even when the human… Read the rest
Cannon Confirmed: Get Ready to Be Blown Away!
Sep 14, 2021
AFSA is proud to confirm Carl M. Cannon, the dean of Washington political journalists, as a keynote speaker at its Annual Meeting in Washington, D.C. Cannon will share his almost 40 years of political insights and experiences with AFSA attendees,… Read the rest
The credit report is one of the most important pieces of financial information available to consumers nationwide. It is the key to unlocking more lending options for a new home or car and even enhanced rental opportunities. The beauty of the… Read the rest