Combining Disclosures

Posted By: K Willett

Combining Disclosures - 06/18/10 08:19 PM

My bank is reviewing its disclosures that are provided to new account customers and trying to find a way to make them more uniform. Can any of the required disclosures be combined with others? We are reviewing consumer accounts first.
Posted By: BrendaC

Re: Combining Disclosures - 06/21/10 09:31 PM

Sure, it is a fairly common practice. But it can be very costly to trash brochures when account fees or rules change. You will probably want to control quantities carefully and develop a set schedule to update the brochure (at least for fees, rules are an issue we can't always control).