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Monday, May 05, 2008

CONSUMER GROUP response to Fed credit card rules

Representatives of national consumer organizations, including Consumer Action, applauded federal banking regulators for proposing initial rules to curb some abusive credit card lending practices. The groups also called on Congress to provide additional consumer protections not proposed by the regulators.

Saturday, April 19, 2008

CONSUMER ACTION on the need for financial literacy

April is Financial Literacy Month. The House Financial Services Committee, chaired by Rep. Barney Frank, held a hearing on financial literacy and education on April 15 to examine the effectiveness of governmental and private sector initiatives. Consumer Action has submitted a statement for the record at today’s hearing.

Friday, April 18, 2008

CREDIT CARD HORRORS? Click here to tell us!

Consumer Action wants to hear your credit card horror stories. We are especially interested in your experiences with fees, interest rate hikes, over limit transactions, late payment charges, credit limit reductions and other problems. We offer free advice and referrals for your problems. By sharing your stories, you can help us fight these practices in Congress and in the media. 

Thursday, April 17, 2008

CONSUMER JUSTICE Caucus forms in Congress

Consumer and civil rights advocates were invited to an April 16 press conference held by Congressman Keith Ellison (D-MN) to launch the Congressional Consumer Justice Caucus.

Friday, April 11, 2008

FORECLOSURE PREVENTION: Understand your options

If you are faced with foreclosure, you can work to save your home—or at least limit the financial damage caused by foreclosure—if you understand your options and take the appropriate steps.

Wednesday, March 12, 2008

CONGRESS HEARS credit card abuse stories

Three people out of thousands who have contacted Consumer Action for help with credit card problems will be witnesses at the U.S. House of Representatives Subcommittee on Financial Institutions and Consumer Credit hearing on March 13 titled “The Credit Cardholders’ Bill of Rights: Providing New Protections for Consumers.”

CREDIT CARD COALITION supports Senate bill

U.S. Senator Robert Menendez (D-NJ) was joined by consumer group representatives—including Consumer Action—as he announced a sweeping plan to put an end to deceptive practices and irresponsible marketing by some credit card companies.

Wednesday, February 27, 2008

NEW PUBLICATION: Understand your credit score

Your credit score is a “snapshot” of your credit history that is used by lenders, insurers and others to assess your creditworthiness and the likelihood that you will pay your bills and repay outstanding loans. This new publication from Consumer Action explains how to learn your score, how to interpret it and how to maintain or improve it.

Thursday, February 21, 2008

IRS ALERT: No tax due on forgiven mortgage debt

The Internal Revenue Service has issued information about how taxpayers should handle forgiven mortgage debt when filing their taxes for 2007.

Tuesday, February 19, 2008

Discounts for consumers with no prescription drug program