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The Consumer Financial Protection Bureau said Wednesday it plans to examine overdraft protection practices, including policies, terms and marketing of such programs, and their effect on consumers.
February 22 -
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
TD Bank became the second major bank to adopt the Pew Charitable Trusts' model disclosure form to simplify its checking account information for customers, the nonprofit organization said on Tuesday.
Banks have come under pressure from Pew and other consumer advocates to make checking account fees more transparent, and they are facing increased regulatory scrutiny
The new disclosure for TD Bank, which is part of Toronto-Dominion Bank (TD), is less than three pages long and uses simple language to outline potential fees.
In December,