In recent times, learning more about the checking accounts of various banks implies going through pages of fine print trying to understand the hidden implications of the rules and regulations mentioned. The fact that each bank has its own set of terms and rules that customers need to adhere to has made the entire process time consuming and laborious. However, thanks to a move by Pew Charitable Trust, this may …

When the Dodd-Frank Wall Street Reform and Consumer Protection Act was implemented in 2010, there were a plethora of restrictions that were levied on the banks and other financial institutions. This posed a big concern to the banks since revenue that ran into billions of dollars stopped flowing into the coffers. This left banks with no options but to restrict the “free” services they offered their clients. In addition to …