Are you confident that your e-statement program is compliant with
legal and regulatory guidelines? Many financial institutions have
unwittingly established unlawful online banking programs that are in
violation of the federal Electronic Signatures in Global and National
Commerce (E-SIGN) Act. If you are caught operating a noncompliant
program, every e-statement you’ve ever sent could be deemed
legally invalid. Regulatory fines, defense costs, and legal settlements
could far exceed the potential savings e-statements provide.
What is E-SIGN and what does it require?
Why and how financial institutions typically mismanage E-SIGN
E-SIGN & E-Disclosure requirements
What are you required to tell members?
What constitutes a lawful, well-written e-disclosures?
Understanding and complying with E-SIGN consumer consent provisions
Why and how members must prove technological competence to receive
Potentially costly consequences of noncompliance
What to do if your financial institution is violating E-SIGN
Growing your e-statement program – compliantly and
Timely information, expert advice, best practices, and compliance
tips to implement immediately