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EL PASO – Imagine living on a very fixed income, only to then get cut off from your checking account. That's what one El Paso man has had to deal with. He turned to Newschannel 9 for help. read more
A study from the Pew Health Group released this week showed that consumers are just as lost about their checking accounts, resulting in unnecessary overdraft fees and penalties.
Buried inside 100-plus page disclosures are requirements that consumers pay the bank's costs in a legal dispute.
LOWELL -- Once upon a time, having a big savings account was the purview of people with the names Mellon, Rockefeller or Thurston B.
According to a new study, checking accounts at the nation's ten largest banks come with a median length of 111 pages of disclosure documents. Getting to the bottom of all of your account's requirements, fee schedules, addendums, and other terms and conditions is like reading a short novel—a horrendously boring, annoyingly legalistic, and purposely confusing [...]
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