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Sunday, October 23, 2011 - 5:36 AM
Bill To Force Banks To Make Account Closing Easier For Customers
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."
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