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ISSUES

Bank Fees And Practices

 

What's New

MASSPIRG urges consumers to do their research and compare all costs before choosing Bank of America’s new mortgage that does not require consumers to pay for private mortgage insurance (PMI). Consumers often pay for these so called free “benefits” through higher interest rates.

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.



 

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MASSPIRG: 44 Winter St, 4th Floor • Boston, MA 02108