news.cuna.org/articles/119840-webinar-addresses-credit-union-arbitration-agreement-pros-cons
Equifax

Webinar addresses credit union arbitration agreement pros, cons

September 8, 2021

Credit union leaders will learn the benefits of including an arbitration agreement in contracts with their members by attending Adopting an Arbitration Agreement: The Pros, the Cons and the Details. The Sept. 20 webinar is free for CUNA members.

“Class actions continue to be filed against credit unions,” said Jared Ihrig, chief compliance officer and counsel for CUNA. “Credit unions should consider arbitration agreements to minimize the risk of such actions and the resulting financial impact on their membership.”

Subjects covered in the one-hour webinar include:

  • Approaches for avoiding a class action and the resulting potential impacts on the credit union and members
  • Drawbacks, including the perception that such an agreement is not consumer friendly
  • How to be sure that your agreement would be enforced by a court 

The webinar will be held 12:30 to 1:30 p.m. CT. Register at cuna.org.