Banks have still not made important reforms or improvements in their checking account practices, according to an update Pew Charitable Trusts made to a report it released in April 2011, “Hidden Risks: The Case for Safe and Transparent Checking Accounts.” The original report set out a discouraging list of banking practices that added fees to consumer accounts — fees that were not necessarily easy to identify beforehand and thus avoid.
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Banks Still Sticking Flummoxed Customers With Frustrating Fees
Posted by: Erika Morphy June 12, 2012 05:00 AMBanks have still not made important reforms or improvements in their checking account practices, according to an update Pew Charitable Trusts made to a report it released in April 2011, “Hidden Risks: The Case for Safe and Transparent Checking Accounts.” The original report set out a discouraging list of banking practices that added fees to consumer accounts — fees that were not necessarily easy to identify beforehand and thus avoid.