A survey of more than 350 bank branches reveals that fewer than half of branches obeyed their legal duty to fully disclose fees to prospective customers, while one in four provided no fee information at all. The report also includes a shopping guide, which will compare banking options, direct consumers to free and low-cost checking choices, and provide a list of fees that consumers should look out for when picking a bank.
Our nation faces unprecedented fiscal challenges, as the commitments we’ve made now and into the future far outpace our fiscal capacity. Congress, the President’s National Commission on Fiscal Responsibility and Reform, and citizens across the country must grapple with very difficult decisions about how we can put our fiscal house in order.
Today Facebook settled a privacy complaint with the Federal Trade Commission. The FTC says Facebook "deceived consumers by telling them they could keep their information on Facebook private, and then repeatedly allowing it to be shared and made public." Read the FTC's full statement here.
We've joined two other leading consumer groups-- the Consumer Federation of America and Consumers Union (the advocacy arm of Consumer Reports magazine) -- in a letter to Congress in opposition to the so-called Stop Online Privacy Act, HR 3261 (SOPA).