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Does your bank use a simplified disclosure?
The first visible result may come in about two years, the deadline for the consumer regulator to create a simplified disclosure form for mortgage loans.
Wells Fargo will be the only bank to offer a simplified disclosure form in Spanish, when it rolls it out later this month.
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(Pew has worked with banks to help them design the simplified disclosures).
Have you changed the way you make financial decisions, or monthly debt payments, because of simplified disclosures?
The bank joins other big institutions, including Chase and TD Bank, and a growing number of credit unions in adopting shorter, simplified disclosures, to help customers easily see the crucial fees and policies associated with an account.
Citi, Chase and the other banks developed their new forms in cooperation with the Pew Safe Checking in the Electronic Age project, an arm of the Pew Charitable Trusts, which promotes simplified disclosures.
Simplified financial disclosures are all the rage these days, among consumer advocates and government regulators.
We are working through a much-simplified mortgage disclosure form.
Next, we present a scheme for a simplified scenario of disclosure of some bits of q, allowing us to observe essential aspects of the protocol, which we have referred to as "partial transfer of knowledge".
That's just one piece of key information left out of the new simplified checking account disclosure forms that have emerged as a fresh trend among the big banks.
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CEO of Professional Science Editing for Scientists @ prosciediting.com