Cyber-Disclosures - A higher Standard?

David Fynn, SVP with National City Bank, Cleveland, predicts that banks may end up with a higher standard of disclosure over the Internet. Most consumer protection disclosures do not require the bank to prove that the consumer received and understood the information, although this may become a standard for Internet transactions.

Copyright © 1997 Compliance Action. Originally appeared in Compliance Action, Vol. 2, No. 7, 6/97