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Banking

Pew Charitable Trusts Initiative Leads to Simplified Checking Account Forms

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Pew Charitable Trust has surveyed the checking account paperwork of the major banks, producing two major studies showing the exhorbitantly long median length of the paperwork involved in opening these accounts and making suggestions for reform, including on overdraft fees and the reordering of withdrawals.  Their most recent study from their Checking in an Electronic Age Project was released June 8, 2012 and can be found here; on release, Pew

Why Consumers with Interest Rates in their Contracts Should Care about LIBOR

Gary Gensler, the Chairman of the Commodity Futures Commission, explains in the New York Times why consumers with interest rates in their contracts should care about the integrity of Libor--the London interbank offered rate--which is used as a benchmark average interest rate at which large international banks can borrow money.

http://www.nytimes.com/2012/08/07/opinion/libor-naked-and-exposed.html?_r=1

LIBOR and Bank Manipulation of Interest Rates in Fine Print Contracts

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Robert Shapiro explains The LIBOR Mess in the Globalist today, noting that:

FAIR CONTRACTS' OPEN LETTER TO BRIAN MOYNIHAN, CEO, BANK OF AMERICA

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FAIR CONTRACTS' OPEN LETTER TO BRIAN MOYNIHAN, CEO, BANK OF AMERICA

October 4, 2011

Mr. Moynihan:

A Monthly Fee To Use Your Debit Card? Just SAY NO to more bank fees!

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CALL YOUR BANK TODAY and tell them not to mess with your debit card!  Take action NOW: 

The media today is reporting that Bank of America and other large banks are going to or are testing whether to charge their customers a fee, as much as $5, for the customers' "privilege" of accessing their own money with a debit card.  

Sun Cash EFT Authorization K

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