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Bank Fees And Practices

What's New

FTC Warns Consumers to Avoid Fake E-mails Tied to Bank Mergers.

Online scammers are taking advantage of tough economic times. While e-mails phishing for sensitive data are nothing new, scammers are taking advantage of upheavals in the financial marketplace to confuse consumers into parting with valuable personal information. more

Overview

As banks and financial services continue to merge, competition has declined – which has often resulted in higher fees and lower – quality service for consumers. MASSPIRG lobbies against unfair and excessive bank fees, promotes better consumer disclosures, and exposes industry abuses.

Resources

10 Things Your Bank Won't Tell You

Letter calling for congress to "SUPPORT HR 5244, OPPOSE ALL WEAKENING AMENDMENTS TO CREDIT CARDHOLDERS’ BILL OF RIGHTS"

Legislative Director Deirdre Cummings Deirdre Cummings of MASSPIRG talking to Channel 4 reporter about Bank of America’s new PMI free mortgage.

News

Historic New Credit Card Rules Ban Tricks and Traps 2/22/2010

Statement of Janet S. Domenitz, Executive Director, MASSPIRG on President Obama’s “Crisis Fee”: Good First Step, But Banks Owe Much More 1/15/2010

House Stands With Consumers Against Big Banks 12/11/2009

Newsroom

Reports

CVS: Takes a Licking and Keeps on Overcharging 5/07/2009

The Campus Credit Card Trap 3/27/2008

Consumers Guide to Credit Cards 9/11/2007

In The News

CVS Called a Leader in Pricing Violations 5/07/2009

Rep. Tierney lauds legislation to protect credit cardholders 5/03/2009

Recession makes some gift cards risky 10/30/2008

Newsroom

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