4 ms·

I'd like to see this for telecoms and the banking sector as well.

• mhb 8y ago
  What aspect of banking?
• Someone1234 8y ago
  Banking sector is legally required to be transparent. Specifically you should have received an "IMPORTANT DISCLOSURES" with information on them all like this: https://www.wellsfargo.com/credit-cards/propel/terms https://www.wellsfargo.com/credit-cards/propel/terms Telecom I completely agree though. Some of the fake fees they charge (that are worded to look like taxes/regulatory) is almost criminal.
  • lugg 8y ago
    That's not transparency. That is disclosing their prices in small print. I'm talking about removing hidden fees being passed around behind closed doors. Fees like what visa will charge your merchant and kick back to your bank. What other fees am I paying for indirectly without my knowledge? If I could see them maybe I could shop around for a bank that doesn't shaft merchants leading to a healthier economy and more jobs, you know, actual trickle down.
• deelowe 8y ago
  What's not transparent with banking? It's literally the most heavily regulated industry.
  • mschuster91 8y ago
    > What's not transparent with banking? From what I gather in the US issues are e.g. weird shit banks do when processing checks and other payments, e.g. reordering transactions to generate unneccessary overdraft fees. In Germany we for example long had the problem that ATMs of banks not in your network (e.g. when using a Deutsche Bank ATM with a Sparkasse card) were not required to show the fees associated with withdrawing cash. IIRC it needed EU regulation to finally fix this.