Pew Charitable Trusts had conducted a survey and published the results sometime earlier this year. The study included ten of the nation’s biggest banks and it was shocked to find that the average length of the checking account disclosures ran into a whopping 111 pages. The non-profit had made some recommendations at this point, in order to simplify these crucial disclosures and streamline the entire process. However, as per the …

According to a recent survey, banks are still charging their customers big bucks by way of overdraft fees and other such charges due to the mistakes we make. However, it doesn’t have to be that way, if we take a few precautions. Banks don’t just rob us off our money; they instead use ways and means to trick us into giving into those extra charges such as overdraft fees. These …

With the recent turn of events, even gold and cash seems to look shaky. Financial advisers have been busy over the last few days, and were seen answering phone calls from some of the panic-stricken investors on Thursday as the stocks dropped around 500 points. Even gold seems to have lost its luster and the money markets are also totally shaken up. Michael Kay, financial adviser, at Financial Focus, Livingston, …

Everyone seems to be in favor of regulations that require banks to be more forthcoming with the fees they charge on checking accounts. According to a survey conducted by The Pew Charitable Trust that was released on Thursday, it has been found that around 75% of the American citizens who have checking accounts want the banks to disclose the fees that they charge as well as other terms on their …

It has been one year since the Dodd-Frank Wall Street Reform Act was turned into a law and Thursday marked the first anniversary. This is the day when many of the provisions as per the law, takes effect. While some of these measures may seem controversial – such as new enforcement powers for CFPB or Consumer Financial Protection Bureau, and the new limits on the fees that banks may charge …