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Free Checking With the Options That Are Not Free

Question: 
We are revising our deposit accounts and one account will be titled Free Checking. This product will have e-statements as the default at no charge. Since e-statements are the default, we will charge $3.95 for a paper statement. Is this a concern relative to Unfair, Deceptive, or Abusive Acts or Practices?
Answer: 

From an Unfair, Deceptive, or Abusive Acts or Practices perspective, the account should not be titled "free" checking.

Vendor: 

First published on 06/07/2015

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