I agree. An analogy may be that if I give you a piece of paper that says, "Sign here if you read this" and you sign it, you have demonstrated that you read and understood what was provided.
In the e-world, if you have to progress through several steps to get from point A to D and you do so successfully, you should be able to demonstrate that you can "sign here".
At that point the customer will consent that they can meet the hardware and software requirements. What the bank can't verify, is that they can actually retain on a medium (electronic or paper)the disclosures. We can't refill their print cartridges or provide harddrive space.
These are interesting times. I believe our kids will look back on this years from now and say "Sheeesh, why did they make it so hard on themselves, why didn't they just...". Technology is progressing so fast that we are now at the equivilent of writing on cave walls.
Opinions stated are not necessarily that of my employer.