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Bill To Force Banks To Make Account Closing Easier For Customers

Sunday, October 23, 2011 - 5:36 AM
Should or can banks make the process of switching banks as easy as switching cell phone plans? This Smart Money article reviews a congressman's bill, The Freedom and Mobility in Consumer Banking Act:
Introduced October 3rd, Miller’s bill doesn’t go all the way to requiring account-number portability, he says. "It should be comparable to moving your telephone number, but my bill doesn’t even go that far – everything the bill requires should be even easier for the banks to do."

Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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