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Pew supports the adoption of a simple, uniform checking disclosure for banks and credit unions, so consumers can compare fees and terms among accounts.
The report from the Safe Checking in the Electronic Age project, part of the Pew Charitable Trusts, found that the median length of a checking disclosure among the largest credit unions (ranked by deposits) is 31 pages, less than half the length of the median disclosure at big banks.
Say that you have overdrawn your account and have a negative balance of, oh, $60 (probably incurring an overdraft fee of $34, according to Chase's checking disclosure).
(SunTrust's online checking disclosure indicates that the bank "will not assess fees on overdraft/returned items that are less than $5").
Pew's Safe Checking project supports the requirement of a standard checking disclosure, and it has designed a model form that has been adopted, at least in spirit, by several banks.
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Further, the report found that the median length of bank checking account disclosures was shorter, but that such documents generally remain "cumbersome" and hard to understand.
Check out disclosure rules closely and see whether such a gig would meet your own personal standards or not.
These require the full disclosure of related-party transactions and auditors check those disclosures.
The bill would also establish a broad, searchable database of all firms and individuals with business before the state — a way to cross-check lawmakers' disclosures.
Though in the US, until the Sunshine Act is implemented and there is a unified public reporting system for industry payments to physicians, it may not be feasible for journal editors and staff to check author disclosures.
Study clinicians noted whether 'preventative measures' were discussed with participants during results disclosure by checking the corresponding box on a chart note completed at the end of each disclosure session.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com