Banks pare down checking account disclosure forms

11/19/2012 | Hartford Courant (Conn.), The

Bank of America has whittled its checking account disclosure summary down to two pages, while First Niagara Bank is cutting it 47-page document down to about four pages, officials say. "There is enormous attention being paid to business practices coming out of the financial crisis," said Andrew Plepler of Bank of America. "Fees have gotten a lot of attention. In this environment, we made it a real priority to be clear and transparent with our customers."

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