Paste it anywhere on your site. The badge links back to this page — a real, crawlable link, not an image.
Contract X-Ray — what's buried in the fine print
5 red flags · 17 filed docs
Detected in the CFPB-filed cardholder agreements from Founders Federal Credit Union. Verbatim quotes below — CardSleuth flags the language; this isn't legal advice.
Forced arbitration with no opt-out found — you likely can't take this issuer to court, and there's no way to reject it.
Forced arbitration
You give up your right to sue in court — disputes are pushed into private arbitration.
Show the exact wording ↓Hide wording ↑
“…O ALL OF THE TERMS AND CONDITIONS SET FORTH HEREIN. THIS AGREEMENT SUPERSEDES ALL PRIOR AGREEMENTS AND DISCLOSURE STATEMENT RELATING TO YOUR ACCOUNT. BINDING ARBITRATION: YOUR ACCOUNT WILL BE SUBJECT TO A MANDATORY BINDING ARBITRATION AGREEMENT THAT LIMITS YOUR RIGHTS TO BRING LEGAL ACTION IN COURT, INCLUDING CLASS AC…”
“…plicants.'These cards are identified as a "secured credit card". !t is secured as defined above. APPLICATION SIG NATU RES PLEASE READ BEFORE SIGNING: BINDING ARBITRATION: lf approved, your account wlll be subJect to a mandatory bindlng arbitratlon agreement that llmlts your rights to bring lega! ac'tion in court, incl…”
“…TO ALL OF THE TERMS AND CONDITIONS SET FORTH HEREIN. THIS AGREEMENT SUPERSEDES ALL PRIOR AGREEMENTS ANO DISCLOSURE STATEMENT RELATING TO YOURACCOUNT. BINDING ARBITRATION: YOUR ACCOUNT WILL BE SUBJECT TO A MANDATORY BINDING ARBITRATION AGREEMENT THAT LIMITS YOUR RIGHTS TO BRING LEGAL ACTION IN COURT. INCLUDING CLASS AC…”
You can't band together with other cardholders in a class action.
Show the exact wording ↓Hide wording ↑
“…N AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN AN INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. Further, unless both you and us agree otherwise, the arbitrator may not consolidate more than one person's claims, and may not otherwise preside ove…”
You waive your right to have a dispute heard by a jury.
Show the exact wording ↓Hide wording ↑
“…fied than in courts of general jurisdiction; and often times the case can be heard without a lawyer. You agree that you and the Credit Union are each waiving the right to a trial by jury or to participate in a class action. Your county clerk can give you more information about small claims court in your county. (b) Class action lawsui…”
“…plified lhan in courb of generaljurisdidion; and often times the case can be head without a la/vyer. You aglee that you and the Credit Union are eadl waiving the right to a tdal by jury or to participate in a dass adion. Your county delk can gi\re you more information about small daims court in your county. (b) Class adion larvsuits…”
The issuer reserves the right to change your rates, fees and terms at any time.
Show the exact wording ↓Hide wording ↑
“…not affect your obligation to repay any balance on your account resulting from use of the Card as well as Interest Charges and fees incurred. We may, at any time, subject to applicable law change the terms of this agreement. These changes may include replacing your card with another which may have different features and benefits; changing the method of…”
“…ll not affect your obligation to repay any balance on your ac@unt resulting tom use of the Card as well as lnterest Charges and fees incuned. We may, at any time, subject to apdicable law change the terms of this agreement. These changes may include replacing your card with another which may have different feafures and benefits; changing the method of…”
“…not affect your obligation to repay any balance on your ac@unt resulting ftom use of the Card as well as lnterest Charges and fees incurred. We may, at any time, subject to applicable law change the terms of this agreement. These changes may include redacing your card with another which may have different features and benefits; changing the method of c…”
Slip up and your rate can jump to a much higher penalty APR.
Jumps to ~17.9%
Show the exact wording ↓Hide wording ↑
“…istory. This APR will vary with the market based on with the market based on with the market based on the Prime Rate. the Prime Rate. the Prime Rate. Penalty APR and When it 17.90% This APR may be applied to your account if you make a payment that is late 60 days or Applies more. How Long Will the Penalty APR…”
“…istory. This APR will vary with the market based on with the market based on with the market based on the Prime Rate. the Prime Rate. the Prime Rate. Penalty APR and When it 17.90o/oThis APR may be applied to your account if you make a payment that is late 60 days or Applies more. How Long Will the Penalty APR…”
“…istory. This APR will vary with the market based on with the market based on with the market based on the Prime Rate. the Prime Rate. the Prime Rate. Penalty APR and When it 17.90o/o This APR may be applied to your account if you make a payment that is late 60 days or Applies more. How Long Will the Penalty AP…”