and bargaining power, but a series of decisions by the Supreme Court of the United States have interpreted the Federal Arbitration Act as applicable to claims of fraud. (7) Consumers have no meaningful choice whether to submit their claims to arbitration and are typically unaware that they have given up their rights to file claims in court. 3. Arbitration of consumer disputes related to credit card accounts Chapter 2 of the Truth in Lending Act ( 15 U.S.C. 1631 et seq.) is amended by adding at the end the following (and the table of contents for such chapter is conformed accordingly): 140B. Validity and enforceability (a) Definitions In this section— (1) the term covered dispute means a dispute that is not subject to a final judgment by a court