New forced arbitration clause petition and opt-out
As a lot of you aware, BoA's new forced arbitration clause went into effect earlier this week. Unless you've opted out already, that means you've now essentially lost your right to sue the bank if anything goes wrong with your accounts.
Big banks and corporations shouldn't be allowed to unilaterally wipe away our legal rights overnight but Bank of America just did that. If you think this sounds unfair, consider signing this petition demanding BoA drop its forced arbitration clause. Before this, they served customers, and made record profits, for 17 years without using forced arbitration. The only reason they're reintroducing it now is to make it harder for their customers to get justice.
ALSO, just because the forced arbitration clause has gone into effect already doesn't necessarily mean it's too late to opt out and preserve your right to go to court. You can opt out within 60 days of receiving notice of the new terms, and many of you are probably still within that window. Opting out only takes a few minutes and you can do it online at https://www.bankofamerica.com/arbitration-optout or by calling 800-283-8875.