Checking Accounts: High Fees, 69-page Disclosures
Consumers are still getting hit with unexpected fees and aren't receiving clear information about the costs involved with their accounts, according to a report by the Pew Safe Checking in the Electronic Age Project. The study examined the information on 274 checking accounts offered by the nation's 12 biggest banks and credit unions.
"Consumers are expected to wade through long, confusing documents and may be subject to steep, unexpected fees to access their own checking accounts, the cornerstone of household financial management," said project director Susan Weinstock.
Read the full article at money.cnn.com.
- Safe Checking in the Electronic Age