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Thursday, February 25, 2016

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Alexander Schmidt, Wolf Haldenstein

I think the principal change is the 30-day opt out feature. Citibank made a similar change for at least some of its cards. My belief is that it is in reaction to the Supreme Court's WELLNESS NETWORK INT'L v. SHARIF decision last May, which held that a waiver of the right to appear in an Article III court has to be knowing and voluntary, and must include knowledge of the right to refuse to waive the Article III forum.

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