Schumer targets new checking fees
Sen. Chuck Schumer has called for an investigation into banks who have pulled the plug on free checking accounts.
Schumer says banks needed to warn customers before imposing fees on checking.
?Millions of Americans who rely on free checking are being kept in the dark,? says Schumer. ?Banks around the country are planning to hit them with new fees and they don't even know it."
Among the banks to discontinue free checking services are Wells Fargo and Bank of America.