Waiver of Class and Representative Actions. That held class action waivers in consumer arbitration agreements to be unconscionable and therefore unenforceable.The Federal Arbitration Act ("FAA") puts arbitration agreements on the same footing as contracts generally. A class action waiver is a legal agreement that eliminates the right of an individual to join a class action lawsuit against the other party. The above are quotes from court cases and statutes. The information is not legal advice and is not guaranteed to be up-to-date complete or correct.