micahd’s posterous

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My first major beef with USAA

USAA adds a mandatory binding arbitration clause to their depository agreement.

Check out the discussion I started about it here on USAA's forum:
http://www.whatsonyourmind.com/2009/08/27/binding-arbitration-usaa-and-a-new-depository-agreement/

What does that mean you ask?  Well, basically by agreeing, you wave your rights to a public trial, real judge and jury and any sort of protection under the actual laws of the US, your state and other governing bodies.

It's a complicated and messy issue and it's been explained very well in other places:

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