A local Raleigh Congressman--Brad Miller (D)--who is in danger of being gerrymandered out of his constituency thanks to the Republican takeover of NC State Legislature in 2010--stopped by a Raleigh OWS protest last week. He talked about changing banks and his new bill:
So how hard is it to change banks? Harder than you think, Miller said, especially if you automatically deduct bills from checking accounts. To change banks, he said, you may have to maintain dual accounts for as long as three months.
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Miller's Freedom and Mobility in Banking Act would allow a consumer to close a bank account by phone or online as well as in person, prohibit fees or charges for closing an account and prohibit banks from black-listing a consumer for failing to satisfy bank-generated fees assessed to an account at the time of closure.
