Many big banks still aren't being upfront about their checking-account fees and are even charging more for some basic functions, a new study says.
The study, by Pew Charitable Trusts, said that 12 major banks have shown little progress toward transparency in the past 18 months.
Some fees were not listed at all on bank websites, while others were only available if customers used the websites' search box, said the study, a followup to an April 2011 report.
Even the most common fees, the report charges, are sometimes obscured in long disclosure statements.
"The median length of bank checking account disclosure statements has decreased," the report said, "but is still cumbersome at 69 pages."
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The battle over banking fees has been building since last fall, when federal regulators capped the amount banks may charge merchants for debit-card transactions. In the
http://finance.yahoo.com/news/banks-still-raising-fees-hiding-194333079.html
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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