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Pew: Regulate banks’ hidden-fee practices

Despite changes in banking regulations, it is still risky for Americans to open checking accounts because of hidden fees, according to a Pew report. Overdraft fees cost American consumers $29.5 billion in 2011, said the Pew Safe Checking in the Electronic Age Project. The project recommends that regulatory changes be made by the Consumer Financial… Continue Reading Pew: Regulate banks’ hidden-fee practices