Recent Development, Community State Bank v. Strong
By , February 8, 2012
This post has been viewed 1,714 times.
The Eleventh Circuit’s ruling in Community State Bank v. Strong held that a federal court could exercise subject matter jurisdiction over a petition to compel arbitration if the underlying dispute touches on a federal question. This ruling creates a potential means for out-of-court lenders to use the Federal Arbitration Act to side-step step usury laws, and it deepens a present circuit split.
