Document background
The Credit Card Arbitration Agreement is a crucial document used when establishing alternative dispute resolution mechanisms between credit card issuers and cardholders in Belgium. It becomes relevant when financial institutions wish to implement an efficient dispute resolution process while ensuring compliance with Belgian consumer protection laws and EU regulations. The document addresses the increasing need for streamlined dispute resolution in the financial services sector while maintaining consumer rights protections. It includes detailed provisions on arbitration procedures, cost allocation, and consumer safeguards, all specifically adapted to the Belgian legal framework and EU requirements. This agreement typically accompanies the main credit card terms and conditions, providing a comprehensive framework for handling potential disputes.
