You Need A Budget: Difference between revisions
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|Description=You Need A Budget (YNAB) is an online SaaS company that provides personal budgeting software that follows an envelope methodology. | |Description=You Need A Budget (YNAB) is an online SaaS company that provides personal budgeting software that follows an envelope methodology. | ||
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Founded in 2004 by Jesse Mecham, '''You Need A Budget (YNAB)''' is an online SaaS company that provides personal budgeting software that follows an envelope methodology. | |||
==Incidents== | ==Incidents== | ||
This is a list of all consumer-protection incidents this company is involved in. Any incidents not mentioned here can be found in the [[:Category:{{FULLPAGENAME}}|{{PAGENAME}} category]]. | This is a list of all consumer-protection incidents this company is involved in. Any incidents not mentioned here can be found in the [[:Category:{{FULLPAGENAME}}|{{PAGENAME}} category]]. | ||
=== | ===Forced Arbitration Clause Update to ToS (''April 2026'')=== | ||
{{ | On April 9th, 2026, YNAB made updates to their Terms of Service, which included a [[forced arbitration]] clause stipulating a 30-day window to opt out after accepting the terms by emailing YNAB's legal support email address.<ref>{{Cite web |date=2026-04-09 |title=YNAB Terms of Service |url=https://www.ynab.com/terms |url-status=live |archive-url=https://web.archive.org/web/20260415171655/https://www.ynab.com/terms |archive-date=2026-04-15 |access-date=2026-04-15 |website=You Need A Budget}}</ref> An email outlining the new changes was sent to existing users on the 13th, prompting some users to post and discuss the included arbitration notice on the "r/ynab" community forum on [[Reddit]]. The notice read: | ||
[[File:YNAB Email Forced Arbitration Section.webp|alt=YNAB Email's ToS update notice|thumb|YNAB Email's notice of mandatory arbitration update to ToS]] | |||
= | <blockquote>'''Dispute resolution:''' In our Terms of Service, we're moving to arbitration for dispute resolution. This means if we ever have a legal disagreement, it would be resolved by a neutral arbitrator instead of a court or jury, and we'd each bring claims individually rather than as part of a class action. If you prefer to keep your right to go to court, you can opt out by emailing [email protected] within 30 days. Opting out won't affect your account or service in any way.<ref>{{Cite web |date=2026-04-13 |title=Gross, but typical changes to T's & C's |author=u/samebutanon |url=https://old.reddit.com/r/ynab/comments/1skkzeg/gross_but_typical_changes_to_ts_cs/ |url-status=live |archive-url=https://web.archive.org/web/20260415213053/https://old.reddit.com/r/ynab/comments/1skkzeg/gross_but_typical_changes_to_ts_cs/ |archive-date=2026-04-15 |access-date=2026-04-15 |website=Reddit}}</ref><ref>{{Cite web |date=2026-04-13 |title=Opt out of binding arbitration within next 30 days |author=u/discostu- |url=https://old.reddit.com/r/ynab/comments/1skm8yn/opt_out_of_binding_arbitration_within_next_30_days/ |archive-url=https://web.archive.org/web/20260415213135/https://old.reddit.com/r/ynab/comments/1skm8yn/opt_out_of_binding_arbitration_within_next_30_days/ |url-status=live |archive-date=2026-04-15 |access-date=2026-04-15 |website=Reddit}}</ref></blockquote> | ||
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== | A forced arbitration clause was not included in YNAB's Terms of Service exclusive to the United Kingdom, Switzerland, or EEA territories, also updated on April 9th.<ref>{{Cite web |date=2026-04-09 |title=YNAB Terms of Service (UK, Switzerland, EEA) |url=https://www.ynab.com/terms/uk-switzerland-eea |archive-url=https://web.archive.org/web/20260415215442/https://www.ynab.com/terms/uk-switzerland-eea |url-status=live |archive-date=2026-04-15 |access-date=2026-04-15 |website=You Need A Budget}}</ref> | ||
==References== | ==References== | ||