E-SIGN, E-Statements & E-Disclosures: Compliance & Best Practices

Where does your financial institution stand when it comes to E-SIGN, e-statement, and e-disclosure compliance? Are you confident your e-statement program adheres to federal and state laws, as well as industry and government regulations? Do you obey E-SIGN and UETA rules? Is your enrollment process lawful, or are you signing up accountholders in an illegal, noncompliant fashion? Do you allow consumers to sign up for e-statements in your lobby? Do your e-disclosures contain all the required information including mandatory technology guidelines? Could you provide evidence of affirmative consent if your e-statement program triggered a lawsuit or regulatory audit?

Many financial institutions have unwittingly established unlawful online banking programs in violation of E-SIGN. If caught operating a noncompliant program, every e-statement you’ve ever sent could be deemed legally invalid. Regulatory fines and legal costs could far exceed the potential savings e-statements provide. Attend this program and learn how to recognize and avoid common legal and compliance mistakes in e-statement programs. We’ll answer the most common and pressing questions about E-SIGN, UETA, e-statements, e-disclosures, affirmative electronic consent, and e-records retention among other important issues. You’ll leave with strategies and tools to help ensure your E-SIGN, e-statement, and e-disclosure program is well-managed and compliant with legal, regulatory, and organizational guidelines.