These days, it seems everything comes with warranties, disclaimers, and special clauses consumers are forced to decipher, most of them written in fine print. And that is unlikely to change because companies say they need to include more and more information in the name of disclosure.

“The amount of disclosure that banks and other companies that deal with consumers need to provide to them is just overwhelming,” said Alan S. Kaplinsky, Practice Leader of Ballard Spahr’s Consumer Financial Services Group.

Everyone wants a shorter agreement, but according to Mr. Kaplinsky, “You’ve got this competing demand to comply with all these laws and to do things to make sure you don’t become a target of the next class action lawsuit and you can’t do both.”

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Business and Finance
Consumer Financial Services
Bank Regulation and Supervision