Project News
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- Press Release
- Safe Checking in the Electronic Age
More Than Half of Top 12 U.S. Banks Now Use Pew’s Model Checking Disclosures
SunTrust voluntarily adopted The Pew Charitable Trusts’ disclosure summary for checking accounts today, becoming the seventh of the 12 largest banks in the country now using the simple disclosure box. Currently, this consumer-friendly information is available to over 40 percent of the US market, by deposit volume. more
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December 3, 2012
Paying for the Holidays
As the holiday shopping season takes off, consumers are turning to a variety of financial management tools. View our slideshow and learn more about Pew’s research on hidden bank fees, the growing use of prepaid debit cards, and the actual duration of payday loans that are marketed as two-week products.
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- Press Release
- Safe Checking in the Electronic Age
Pew Report: Most Banks Limit Consumer Options for Dispute Resolution in Checking Accounts
The Pew Safe Checking in the Electronic Age Project today released Banking on Arbitration: Big Banks, Consumers, and Checking Account Dispute Resolution, a report that examines the 100 largest financial institutions’ dispute resolution clauses as well as consumer attitudes about these procedures. more
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- Press Release
- Safe Checking in the Electronic Age
Five of the Top 12 Biggest Banks Adopt Pew’s Consumer-Friendly Summary of Checking Terms & Fees
Bank of America is among the latest banks to announce they will voluntarily adopt Pew’s disclosure summary for checking accounts. With these additions, five of the top 12 banks in America—representing over one-quarter (27 percent) of total deposit volume in the country—have adopted Pew’s recommendation.
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August 24, 2012
Safe Checking: Policy Recommendations
Checking accounts are critical to the financial well-being of American families, but many bear hidden risks. Susan Weinstock, director of the Safe Checking in the Electronic Age project, offers four policy recommendations to make accounts more transparent and fair for consumers. more
