Overdraft Policies Lack Clarity, Pew Says

By  |  June 10, 2012
 | 

Banks are failing to deliver clear and effective policy disclosures, pricing terms, and options for dispute to their accountholders, according to the Pew Charitable Trust.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The research group updated its research on U.S. banks’ overdraft policies in a new study released last week, titled Still Risky: An Update on the Safety and Transparency of Checking Accounts.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    “This report, Still Risky, continues the work of [April 2011 report] Hidden Risks by tracking the practices and fees that impact Americans in the daily use of their checking accounts,” a summary explains. “Pew’s research again focused on patterns that impose hidden, unnecessary, and potentially dangerous risks to consumers.”

    Read the full report here.

    See More In: