Compliance Blog

Oct 11, 2011
Categories: Accounts

More on Checking Account Disclosures

Written by Steve Van Beek

On Thursday, we blogged on the push toward more transparent and consumer-friendly disclosures for checking accounts.  

I wanted to focus in on one of the links we included - which shows a proposed "one-page" disclosure from a consumer group.

I've included a picture of the Pew Trust's idea of a account opening disclosure for checking accounts.

SafeChecking_SingleColumn
 While there is no proposed changes to Truth in Savings, these are the kinds of proposals that consumer groups are speaking to the CFPB about on a daily basis.  Stay tuned.