The Consumer Financial Protection Bureau and leading research groups like the Pew Institute have recently released reports citing wide inconsistencies and seemingly unfair practices among some banks' overdraft and fee policies.

With regulators circling, now is the time for banks to proactively find ways to improve consumer practices without sacrificing opportunities to profit. 

In the video below, Motley Fool contributor Jay Jenkins highlights three banks that are ahead of the curve: Citigroup (NYSE:C), Bank of America (NYSE:BAC), and Capital One's (NYSE:COF) 360 product (originally developed by ING U.S. (NYSE:VOYA)).

Fool contributor Jay Jenkins has no position in any stocks mentioned. The Motley Fool recommends Bank of America. The Motley Fool owns shares of Bank of America and Citigroup. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.