Financial reform coalition tackles big issues
A new financial reform coalition, Americans for Financial Reform, has been launched. Consumer Action is a part of this coalition.

Shareholders target predatory credit card practices
Consumer Action and the Center for Responsible Lending joined socially responsible MMA Praxis Mutual Funds and the Interfaith Center on Corporate Responsibility to discuss anti-consumer credit card practices that could have a negative impact on shareholders of major card issuers, and the larger economy.

“Opt-in” fundamental to consumer overdraft protection
The Federal Reserve's move to curb abuses in bank overdraft practices prompted Consumer Action and its coalition partners to write a letter demanding that the Fed ask institutions to first obtain consumer "opt-in" or agreement before imposing any fees for the service.

Wolf in sheep’s clothing: payday lending bill harms consumers
In a letter to the House Financial Institutions and Consumer Credit Subcommittee, Consumer Action joined its coalition members in strongly opposing H.R. 1214, which would condone predatory terms in payday loan products.

36% ‘FAIR’ rate cap bill protects consumers from lending abuses
Consumer Action, along with a diverse range of other organizations, sent a letter to Senator Richard Durbin praising S. 500, a bill he introduced that would cap interest rates for consumer credit at 36% annually.

Groups urge co-sponsorship of ‘Credit Cardholders’ Bill of Rights’
Consumer Action joined coalition members in asking Congress to co-sponsor and pass the urgently-needed Credit Cardholders' Bill of Rights legislation, which would curb unfair and abusive practices by credit card companies.

Take a ride on the ‘Road to Economic Recovery’
The National Community Reinvestment Coalition (Consumer Action is a member) and USAction are planning a massive week of action around the economic crisis.

Protect credit cardholders in bailout legislation
Consumer Action joined in a letter asking the Senate to make sure credit card consumers aren't gouged by the same banks being financially rescued by the federal government.

Congress shouldn’t forget the Credit Cardholders’ Bill of Rights
Consumer Action joined in a letter to Barney Frank, Chairman of the Financial Services Committee in the United States House of Representatives, in support of H.R. 5244, the Credit Cardholders' Bill of Rights Act. (Note: This bill passed the House of Representatives in Sept. 08)

California bill forces retailers to protect data
California lawmakers approved a bill that would force retailers to implement stringent protections against identity theft before storing customers' personal information, including credit card account numbers, verification codes, or personal identification numbers.