Service Members Deserve More Transparency From On-Base Banks, Credit Unions

New research from Pew on banks at military bases and how well information is disclosed to servicemembers.  As a reminder, you can also check out our report from earlier this summer that we conducted with our partners in North Carolina, New York, Illinois, and California: HOW BANKS SELL OVERDRAFT: RESULTS OF OVERDRAFT MYSTERY SHOPPING IN FOUR KEY STATES

Consumerist

(Hammerin Man) (Hammerin Man)

The Military Lending Act attempts to shield military personnel and their families from some predatory lending practices, but a new report from the Pew Charitable Trusts claims that some traditional banks on military bases are nickel-and-diming members of the armed forces with excess overdraft fees, and a general lack of transparency.

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