In this update to Hidden Risks: The Case for Safe and Transparent Checking Accounts (April 2011), Pew's Safe Checking in the Electronic Age Project continues its study of checking account terms and conditions to examine both the state of the marketplace and the effect of current regulations.
Still Risky: An Update on the Safety and Transparency of Checking Accounts finds the following practices that may harm consumers:
Based on findings in this report and in Hidden Risks, Pew continues to recommend policy solutions that protect consumers, promote a competitive marketplace, and foster a level playing field among financial institutions.
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