Allen v. Regions Bank
(5th Cir., August 11, 2010)
Minnie and Kenneth Allen obtained a home equity loan from First American National Bank in October 1999. First American withheld funds from the loan to purchase credit life and disability insurance. In December 1999 AmSouth Bank became the successor to First American. In 2001, the Allens opened a deposit account with AmSouth. An agreement signed by the Allens in conjunction with opening their deposit account required arbitration of all disputes relating to any account …
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