Group Comments to FDIC on Safe Transaction and Savings Accounts
Consumer Action, Consumer Federation of America, Consumers Union, National Consumer Law Center (on behalf of its low income clients), and US PIRG welcome the opportunity to comment on the FDIC’s...
View ArticleBank of America gave us a little and then took it away!
Back in March, BoA announced to everyone’s surprise, that they would be doing away with their expensive debit overdraft program. This was great news to the millions of customers who know first hand...
View ArticleGet the Facts about Overdrafts and Fees
Brochure by Consumer Federation of America, with information about overdraft programs and why you should not fall for your bank’s aggressive marketing campaign aimed at signing you up for an overly...
View ArticleAs the July 1st deadline approaches, CFA warns consumers not to Opt-In to...
If you want to open a new checking account, wait just two more days. After Thursday July 1st, banks will be required to obtain you permission before automatically enrolling you in overdraft coverage....
View ArticleCU comment on “end of checks” proposed rule
At this time, Consumers Union respectfully provides the following suggestions to deliver federal benefit payments in the most protective and appropriate methods to recipients. We offer the following:...
View ArticleFrequently Asked Questions About Checkholds
Read this chart and list of frequently asked questions to find out how long a bank can hold the funds you deposit by check. Starting July 21, 2011, a bank must make $200 of your deposited funds...
View ArticleTips for checking account customers
Tips for checking account customers • Find out how you can avoid monthly fees: Check with your bank to find out whether you can take steps to avoid monthly fees. Some banks will eliminate monthly fees...
View ArticleConsumer Advocates Comments to Proposed Rules on Changes to Check Processing
June 1, 2011 Jennifer Johnson Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Ave, NW Washington, D.C. 20551 RE: 12 CFR Part 229, Regulation CC; Docket No....
View ArticleCU: Bank of America should drop latest fee scheme
Thursday, March 1, 2012 Consumers Union Calls on Bank of America to Drop Its Latest Fee Scheme Consumer Reports Offers Tips For Consumers On Bank Fees And Moving Your Money to A New Bank Recent news...
View ArticleCFPB report highlights need for stronger checking account overdraft reforms
CFPB Report Highlights Need for Stronger Checking Account Overdraft Reforms Consumers Union Urges Financial Watchdog to Rein In Overdraft Abuses WASHINGTON, D.C. – A report issued today by the...
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