Citigroup Wins Bid to Arbitrate Veterans’ Credit Card Lawsuit

Citigroup Inc. can arbitrate a proposed class action filed by military veterans who claim they were charged credit card interest rates that violated protections for service members, a federal appeals court ruled.

The Servicemembers Civil Relief Act, a 2003 law aimed at protecting military personnel from foreclosures and other civil actions, doesn’t override the 1925 Federal Arbitration Act, the US Court of Appeals for the Fourth Circuit ruled Monday, overturning a lower court opinion.

“Because the SCRA is silent on whether claims can proceed in an arbitral forum, the FAA requires that the plaintiffs’ arbitration agreements be enforced according to ...