Public.com · Public.com Terms of Service · View original document ↗

Class Action and Jury Trial Waiver

High severity Uncommon · 13 of 325 platforms
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Recent governance activity Public.com recorded 2 documented changes in the last 30 days.
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Document Record

What it is

You agree to give up your right to join a class action lawsuit against Public and your right to a jury trial. Any dispute must be handled individually, not as part of a group.

This analysis describes what Public.com's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

The clause modifies the dispute resolution mechanism by channeling all claims through individual arbitration rather than court litigation, and eliminates the procedural option of aggregated class proceedings, which affects how disputes are processed and adjudicated.

Consumer impact (what this means for users)

This provision effectively removes consumers' most powerful collective legal tool, making it economically unviable to pursue small-value claims against Public. Combined with mandatory arbitration, it significantly limits accountability.

What you can do

⚠️ These actions may provide transparency or partial mitigation but may not fully address the underlying issue. Effectiveness varies by jurisdiction and individual circumstances.
  • Opt Out of Arbitration
    Within 30 days
    Opting out of arbitration (within 30 days of signup) also preserves your right to participate in class actions. Send written notice to support@public.com with your name, account number, and opt-out statement.

How other platforms handle this

OpenAI High

You and OpenAI agree to resolve any disputes arising out of or relating to these Terms or our Services through final and binding individual arbitration, except that either party may bring an individual claim in small claims court. You agree to waive your right to a jury trial and to participate in a...

Tinder High

If you are a U.S. user, you and Tinder agree that each of us may bring claims against the other only on an individual basis and not as a plaintiff or class member in any purported class or representative action or proceeding. Unless both you and Tinder agree otherwise, the arbitrator may not consoli...

Wise High

Any dispute, claim or controversy arising out of or relating to this Agreement or the breach, termination, enforcement, interpretation or validity thereof or the use of the Services (collectively, 'Disputes') will be settled by binding arbitration between you and Wise, except that each party retains...

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▸ View Original Clause Language DOCUMENT RECORD
"
YOU AND PUBLIC.COM AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR ITS INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. YOU UNDERSTAND AND AGREE THAT, BY ENTERING INTO THESE TERMS, YOU AND PUBLIC.COM ARE EACH WAIVING THE RIGHT TO A TRIAL BY JURY OR TO PARTICIPATE IN A CLASS ACTION.

— Excerpt from Public.com's Public.com Terms of Service

ConductAtlas Analysis

Institutional analysis (Compliance & governance intelligence)

Class action waivers in consumer financial contracts are subject to ongoing regulatory and judicial scrutiny. Under Dodd-Frank, the CFPB previously attempted to restrict such waivers in financial services; legal teams should monitor current enforcement posture and state-law challenges.

Full compliance analysis

Regulatory citations, enforcement risk, and due diligence action items.

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Applicable agencies

  • Consumer Financial Protection Bureau (cfpb)
    Regulates consumer financial products and services. Can investigate companies for unfair, deceptive, or abusive financial practices including improper fees, billing errors, and data misuse.
    Who can file: Anyone who has used a consumer financial product or service in the US
    What you need: Account number or details, dates of transactions or events, description of the issue, and any supporting documents
    What to expect: The company must respond within 15 days. The CFPB forwards your complaint and may use it in enforcement actions. Individual compensation is possible in some cases.
    File a complaint →

Applicable regulations

FAA
United States Federal

Provision details

Document information
Document
Public.com Terms of Service
Entity
Public.com
Document last updated
May 5, 2026
Tracking information
First tracked
March 8, 2026
Last verified
March 9, 2026
Record ID
CA-P-000502
Document ID
CA-D-00058
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
1e9ea08b0bc036684624a23874dc677c9b8a8ebbc541222707189661506371d8
Analysis generated
March 8, 2026 13:54 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Public.com
Document: Public.com Terms of Service
Record ID: CA-P-000502
Captured: 2026-03-08 13:54:24 UTC
SHA-256: 1e9ea08b0bc03668…
URL: https://conductatlas.com/platform/publiccom/publiccom-terms-of-service/class-action-and-jury-trial-waiver/
Accessed: May 20, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
High
Categories

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Frequently Asked Questions

What does Public.com's Class Action and Jury Trial Waiver clause do?

The clause modifies the dispute resolution mechanism by channeling all claims through individual arbitration rather than court litigation, and eliminates the procedural option of aggregated class proceedings, which affects how disputes are processed and adjudicated.

How does this clause affect you?

This provision effectively removes consumers' most powerful collective legal tool, making it economically unviable to pursue small-value claims against Public. Combined with mandatory arbitration, it significantly limits accountability.

How many platforms have this type of clause?

ConductAtlas has identified this type of provision across 13 platforms. See the full comparison.

Is ConductAtlas affiliated with Public.com?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Public.com.