; and (2) the term predispute arbitration agreement means any agreement between a person and a consumer providing for arbitration of any future dispute between the parties. (b) Validity and enforceability No pre­dis­pute arbitration agreement shall be valid or enforceable in a covered dispute that is related to a credit card that was not issued in response to a request or application for that credit card account. (c) Applicability The applicability of this section to a predispute arbitration agreement shall be determined by a State or Federal court of competent jurisdiction. . 4. Arbitration of consumer disputes related to covered accounts The Electronic Fund Transfer Act ( 15 U.S.C. 1693 et seq.) is amended by inserting after section 920 ( 15 U.S.C. 1693o–2 ) the following: 920A. Validity and enforceability (a) Definitions In this section— (1) the term covered account — (A) means a demand deposit, savings deposit, or other asset account (other than an occasional or incidental credit balance in an open end credit plan as defined in section 103(i)), as described in regulations of the Bureau, established primarily for personal, family, or household purposes, including demand accounts, time accounts, negotiable order of withdrawal accounts, and share draft accounts; and (B) does not include an account held by a financial institution pursuant to a bona fide trust agreement; (2) the term covered dispute means a dispute that is not subject to a final judgment by a court