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Durbin, Reed to Call on Banks to Adopt Fee Disclosure Form

After Big Banks Cancel Debit Fees, Protections Needed From New Hidden Fees

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WASHINGTON, D.C.–(ENEWSPF)–November 3, 2011.  U.S. Senators Dick Durbin (D-IL) and Jack Reed (D-RI) today called on the nation’s financial institutions to voluntarily adopt a bank account fee disclosure form designed to make checking account terms and fees transparent and easy for consumers to understand. Following the sensible decision by Bank of America, Wells Fargo and other banking giants to roll back or cancel…

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