Financial Data & Subscription Rights Traps
1. Unlimited Billing Access
Look for: "Authorize charges for all amounts due." No per-transaction approval, no amount limit.
2. Token Without Revocation
Look for: "Store payment for future transactions." Token can charge after account deletion.
Protection: Remove payment method BEFORE cancelling. Monitor for 3 months.
3. Chargeback Penalty
Look for: "$25 dispute fee." Punishes FCBA rights. Likely unenforceable. Dispute anyway.
4. Arbitration + Class Waiver
Look for: "Binding arbitration. You waive class action." NACA's #1 worst term.
If there's an opt-out clause (§): send certified letter within 30 days.
5. Remote Forum Selection
Look for: "Governed by Delaware law. Exclusive venue in Delaware."
Check for a "consumer exception" allowing local suit.
6. Bad Billing Descriptor
35% of disputes are from unrecognized descriptors. Search online before subscribing: "what does [service] look like on my statement?"
7. Shortened Statute of Limitations
Look for: "Must file within 1 year." State gives 3-6. Systematic overbilling that takes 18 months to discover is unrecoverable.