According to the OCC, what is one of the financial product disclosure requirements?

One of the financial product disclosure requirements established by the OCC is that disclosures must not contradict written materials. This requirement is critical because it ensures that customers receive consistent and reliable information about financial products. Clear and consistent disclosures help consumers make informed decisions and understand the terms and conditions of the products they are considering.

Contradictory information can lead to confusion, misinterpretation, and potentially harmful financial decisions by consumers. By maintaining consistency between disclosures and written materials, financial institutions foster trust and transparency, which are essential for a healthy financial marketplace. This practice aligns with broader regulatory principles aimed at consumer protection and ensuring that financial communications uphold integrity and clarity.