-
Wells Fargo is the latest of the big banks to unveil simpler checking account disclosures for customers, following rollouts by JPMorgan Chase, Regions and TD Bank.
June 29 -
JPMorgan Chase & Co. has simplified the disclosure forms for its checking accounts, becoming the first large back to adopt model disclosures proposed by the Pew Charitable Trusts.
December 15
Bank of American (BAC) and Citigroup (NYSE: C) will be joining some of their largest competitors in offering customers simpler checking account disclosures later this year, the banks said Thursday.
Several banks, including
Pew Trusts has been promoting a model one-page
"We support transparency of account information and plan on implementing a simplified disclosure based on the Pew model in the second half of this year," said B of A spokeswoman Betty Reiss.
A Citi spokeswoman confirmed that they will be adopting the Pew model within the next few weeks.
The Boston Globe first