FDIC AND CFPB Bank Guidance
The FDIC encouraged banks to review disclosures and account agreements to make sure that their actual practices are accurately and clearly disclosed but, importantly, even accurately disclosing fees to be charged on APSN transactions will not mitigate the UDAP risk
Patsy Parkin Lisa Smith Deposit Insurance Corporation Bank Secrecy Act Bankers Compliance Task Force Financial Institution Letter
Source: natlawreview.com