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WIN THE FUTURE...,
2011-04-13 17:35:37
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carried away by the monsoon countercurrent...,
2011-05-06 20:36:21
the easiest way to mug you is to be your bank:
MSNBC: while consumers are switching banks at a slightly higher rate than in the past (8.7 percent last year, compared to 7.7 percent a year earlier), fees and interest rates have almost nothing to do with their choices. "Pricing" impacted only 4 percent of consumers, the study found.
Gee, I wonder why?
MSNBC: PIRG conducted an extensive "secret shopper" study to craft the report, “Big Banks, Bigger Fees: A National Survey of Bank Fees.” PIRG sent staff members to 392 banks and credit union branches in 21 states and reviewed online fees at banks over the past six months.
Only 38 percent of banks produced fee schedules after the first request, PIRG found. After three requests, compliance jumped to 55 percent. Still, about one-quarter of banks provided incorrect information and 23 percent never produced fee information at all, it said.
"Shopping for banks is harder when they don’t obey the law and provide up-front information about the fees they charge,” said Jon Bartholomew, consumer advocate at PIRG's Oregon office. “Local community banks and credit unions are more likely than national banks to provide fee schedules."
:: posted by buermann @ 2011-04-16 16:08:35 CST |
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