Imagine, as one of Thomas G. Pareigat's clients once did, an add-on consumer banking product that combines identity theft protection, health benefits, and roadside assistance, all for $5 a month. Now imagine that the fine print for this product discloses that the many of its benefits can be canceled by the seller any time.

Now please don't ever think about this product again, because it would never pass muster with the Consumer Financial Protection Bureau, said Pareigat, a former partner at Lindquist & Vennum in Minneapolis who is now general counsel and senior vice president of The Bancorp Inc. (TBBK) in Wilmington, Del.

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