Transparency for bank fees?
November 19, 2008 | best practices, industry | Comments (0)We may live to see the day. According to this article, the pressure is on:
A study from the Consumer Federation of America found that at least three of the nation’s 10 largest banks make it difficult for customers to obtain fee schedules or account agreements (PDF link). And U.S. banks are getting pressure from above, as well as below, on this front: The GAO also published a report (PDF link) on bank fees earlier this year, which reiterated the difficulty encountered in trying to get access to fee information.
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