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Study Finds Checking Account Disclosures Too Long And Unclear

Thursday, April 28, 2011 - 4:27 PM
Here's one of the main findings in a study conducted by the Pew Health Group’s Safe Checking in the Electronic Age Project:
Banks do not provide important policies and fee information in a concise and easy-to-understand format that allows customers to compare account terms and conditions among banks. The median length of checking account disclosures is 111 pages.

This Reuters article has a good overview of this study.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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