yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
Red Hat
The Opening of Virtualization
User Environment Management – The Third Layer of the Desktop
Cloud Computing for Business Agility
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Return on Assests: Bringing Visibility to your SOA Strategy
Managing Hybrid Endpoint Environments
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
How Can AJAX Improve Homeland Security?
Beyond Widgets: What a RIA Platform Should Offer
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
Today's Top SOA Links

More Than Half of Top 12 U.S. Banks Now Use Pew's Model Checking Account Disclosures

SunTrust and Others Make Information More Consumer-Friendly

WASHINGTON, Dec. 5, 2012 /PRNewswire-USNewswire/ -- SunTrust voluntarily adopted The Pew Charitable Trusts' disclosure summary for checking accounts today, becoming the seventh of the 12 largest banks in the country now using the simple disclosure box. Currently, this consumer-friendly information is available to over 40 percent of the U.S. market, by deposit volume.

"As more and more banks adopt greater transparency about the fees, terms, and conditions that apply to accounts, consumers are able to educate themselves, understand the products they are using, and comparison shop to find the best product to meet their needs," said Susan Weinstock, director of Pew's Safe Checking in the Electronic Age Project. "With more educated consumers, we hope other banks will follow suit and adopt an easy-to-understand format for their information."

SunTrust is joined today by Suncoast Schools Federal Credit Union and UW Credit Union in adopting the model disclosure form created by Pew. This has guided many financial institutions in making their checking account terms and fees more transparent and easier for consumers to understand.

Until recently, most financial institutions did not make key information that is relevant to consumers understandable or easy to find, such as overdraft options and fees, which can maximize the cost to the consumer. This issue was exacerbated by the length of the disclosure documents. Pew's research, Still Risky: An Update on the Safety and Transparency of Checking Accounts, found that among the nation's 12 largest banks, these documents have a median length of 69 pages, making it difficult for consumers to comparison shop for an account that best meets their needs. Pew's model disclosure box serves as a tool for consumers to assess different types of accounts and banks by summarizing long, complex disclosure documents into a shorter, standardized form. 

"At SunTrust, we are focused on lighting the way to financial well-being for existing and potential clients," said Whitney Stewart, Mass Market Segment & Value Added Services Executive at SunTrust. "Providing clear, concise information about our products and services in a more standardized format aligns with that purpose."

Pew also urges the Consumer Financial Protection Bureau (CFPB) to use the data collected through the agency's Request for Information and Still Risky to study the impact of key banking practices on consumers and to enact reforms requiring financial institutions to:

  • summarize information about checking account terms and fees in a concise, uniform format;
  • provide account holders with clear, comprehensive terms and pricing information for all available overdraft options;
  • make overdraft penalty fees reasonable and proportional to the financial institution's costs in providing the overdraft loan; and
  • post deposits and withdrawals in a fully disclosed, objective, and neutral manner that does not maximize overdraft fees.

Bank of America, Cape Cod Five Cents Savings Bank, Capital One, Chase, CitibankEastman Credit Union, Fifth Third Bank, Inland BankNorth Carolina State Employees' Credit Union, Pentagon Federal Credit UnionTD Bank, Town and Country Bank, University of Illinois Employees Credit Union, Webster Bank, and Wells Fargo all have voluntarily adopted Pew's model disclosure over the past year.

The Safe Checking in the Electronic Age Project aims to restore transparency, fairness, responsibility, and free market principles to one of the most common consumer financial products – the checking account.

The Pew Charitable Trusts is a nonprofit organization that applies a rigorous, analytical approach to improve public policy, inform the public, and stimulate civic life.

SOURCE The Pew Charitable Trusts

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
Carii’s platform fills the communication gap between public social apps like Facebook and Twitter and internal, private apps like Microsoft Office and team collaboration tools. Currently businesses, educational institutions and healthcare organizations cobble together their communicati...
In today’s pharmaceutical supply chain, counterfeit activity is thriving. As pharma companies have expanded target markets and outsourced production over the last decade, the supply chain has become increasingly global, virtual, and vulnerable. Illicit activity has thrived, and patient...
This is how a typical software product lifecycle works : You gather requirements, build a prototype, detail out the architecture and design, develop the product, test it, deploy the product, handle migration and maintenance and ensure product support. This is a closed loop where the Pr...
Intuit uses deep-data analytics to gain a 360-degree view of its TurboTax application's users’ behavior and preferences for rapid applications improvements. The next BriefingsDirect big-data innovation case study highlights how Intuit uses deep-data analytics to gain a 360-degree view...
Here’s the thing: as sure as we’ll have another record-setting year for NFL streaming, you can also be sure that apps will fail and streaming services will go down. Whether you are dabbling in streaming or diving in whole-hog, you need to know what to do to give your users the most rel...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)!

Advertise on this site! Contact advertising(at)! 201 802-3021

SYS-CON Featured Whitepapers