Project News
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- Press Release
- Safe Checking in the Electronic Age
Eight of Top 12 U.S. Banks Adopt Pew’s Model Checking Account Disclosure Box
Branch Banking & Trust (BB&T), the ninth largest bank by deposit volume in the United States, voluntarily adopted The Pew Charitable Trusts’ disclosure summary for checking accounts today, bringing the total number of large banks that now use this easy tool to eight.
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June 1, 2013
Reuters: Regulatory Failure Du Jour, Overdraft Fee Edition
A study last year from the Pew Charitable Trusts found that “more than half of those hit with overdraft fees did not believe they had opted in to the policies”.
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- Press Release
- Safe Checking in the Electronic Age
Pew Releases Ratings of Nation’s Top Banks on Key Consumer Protections
A study from The Pew Charitable Trusts is the first to rate the largest U.S. banks on their policies regarding checking account disclosure terms and fees, overdraft, and dispute resolution practices. Checks and Balances: Measuring Checking Accounts’ Safety and Transparency, underscores the continued gaps in banking procedures that put consumers at financial risk and expose them to high, unexpected costs for little benefit.
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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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Media Coverage
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- Media Coverage
- Safe Checking in the Electronic Age
The New York Times: Banks Lag on Consumer Friendly Checking Practices
Two of the country’s largest banks scored well on a ranking of the consumer-friendliness of their checking accounts, but no bank met all of the recommended criteria, a new analysis found. more
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- Media Coverage
- Safe Checking in the Electronic Age
Washington Post: Banks Improving on Fee Disclosure, But More Rules Needed, Pew Says
Banks are doing a better job of informing consumers about the costs associated with their checking accounts, but more regulation is needed to ensure that the terms are fair and transparent, according to a report issued by Pew Charitable Trusts on Thursday. more
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- Media Coverage
- Safe Checking in the Electronic Age
TODAY Money: Many Checking Accounts Still Have Hidden Fees
You can’t comparison shop if you don’t know what you’re getting. And that’s what happens, in many cases, when people open a checking account, according to a study released Thursday from the Pew Charitable Trusts. more
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- Media Coverage
- Safe Checking in the Electronic Age
CNNMoney: How Your Checking Account Stacks Up
When it comes to checking accounts, not all banks are created equal, according to a Pew Charitable Trusts study. more
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- Media Coverage
- Safe Checking in the Electronic Age
Today Show: Lawmakers Target 'Unfair' Overdraft Charges
Congress will get another chance to limit checking account overdraft fees that continue to annoy customers and produce billions of dollars in revenue each year for banks and credit unions. more
