Arbitration requirements got knocked for a loop a few years ago, but lately they show signs of bouncing back. The Supreme Court has upheld them, and another court’s ban on three big card issuers is about to expire. But the federal government’s new consumer bureau will have the last word.
Illegal drug operations, terrorist groups and other criminal enterprises use money laundering to hide the movement of their funds. So after reading in the Wall Street Journal that the Supreme Court today ruled against the government in two distinct money laundering cases, my concern was that it may become harder for authorities to target terrorists and other criminals for prosecution.