Give prepaid cards the same protections as debit cards
In coalition with other consumer organizations, Consumer Action asked Federal Reserve Chairman Ben Bernanke to apply the consumer protections that debit cards have to prepaid cards as well.

Financial protection agency could stop next recession
In coalition with a large number of organizations, Consumer Action sent a letter to Senator Dodd asking for his continued support of the Consumer Financial Protection Agency.

Congress should reign in reckless financial markets gambling
Consumer Action sent a letter to Senator Harkin and Representative DeFazio expressing support for their bills that would attempt to curb financial markets speculation.

Improving HAMP will stem foreclosures
In a letter to Tina Tchen, White House Director of Office of Public Engagement, Consumer Action and other groups laid out steps to improve the Home Affordable Modification Program (HAMP).

SEC should investigate, have power to prohibit investment arbitration clauses
In a letter to Representatives Barney Frank and Spencer Bachus, of the House Financial Services Committee, Consumer Action joined its Fair Arbitration Now coalition members in supporting a provision of H.R. 3817 that would require the Security and Exchange Commission (SEC) to do a study on the use of arbitration clauses in broker-dealer and investment advisory accounts. The letter also opposes two amendments to the bill that would undermine the SEC's authority in prohibiting such clauses.

Protect debt-strapped consumers from unscrupulous industry practices
Consumer Action filed joint comments, along with 18 other consumer organizations, with the Federal Trade Commission (FTC) supporting amendments to the Telemarketing Sales Rule that would protect debt-strapped consumers from unscrupulous practices by companies that offer to arrange payment plans with their creditors, get their interest rates or fees reduced, or settle their debts for pennies on the dollar.

Curb unfair overdraft protection practices
Consumer advocates, including Consumer Action, joined in a letter asking Congress to pass a bill curbing unfair bank overdraft fees. On Friday Oct. 30, the House Financial Services Committee will hold a hearing on H.R. 3904, the Overdraft Protection Act of 2009 which would, among other provisions, require a warning before a withdrawal would trigger an overdraft fee and allow consumers to choose whether or not to enroll in overdraft programs.

Congress should ban tax patents
Consumer Action signed onto a letter opposing the ability to "patent" tax reduction/evasion strategies. Because of patents, some taxpayers may pay more tax than Congress intended.

Federal law should be a floor, not a ceiling, for consumer protection
As a part of Americans for Financial Reform coalition, Consumer Action sent a letter to Congress requesting that they not preempt states' authority in Consumer Financial Protection Agency (CFPA) legislation.

Keep community investment in consumer agency legislation
In the battle to define the Consumer Financial Protection Agency (CFPA), Consumer Action signed on to a letter requesting that the Community Reinvestment Act (CRA) be reinserted into any legislation about the agency.

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