E-Sign Compliance and the Account Life Cycle

The world of electronic banking continues to evolve, and bankers want to keep pace with technology and customer preferences. Recent surveys indicate that 51% of adults in the U.S. bank online, and 32% bank with mobile phones. What steps must be followed to be in compliance with E-Sign?

Topics Covered:

  • What are the rules? Learn about Federal & State Legislation for E-Sign
  • Which deposit & lending regulations are related to E-Sign and have specific provisions for compliance
  • Common questions, resources, exam procedures
  • Consumer Consent is a Six-Step Process

    1. Availability of Paper Delivery or Paper Copies
    2. Consent Choices
    3. Consumer Actions
    4. Hardware/Software requirements
    5. Affirmatively Consent
    6. After Consent Disclosure

  • Basic Steps for E-Sign Implementation

    1. Getting Started
    2. Identify Pain Points
    3. Build Consensus
    4. Vendor Selection Considerations
    5. Think big, but start small
    6. Assess the Risk
    7. Learn from a test project and steps to production

Who Should Attend?

Compliance officers, Risk Managers, Operations Managers, Business Development Managers, and others responsible for managing online banking, E-SIGN compliance, e-statements, and e-disclosures