Student loans must be regulated by the CFPA
In coalition with many other groups, Consumer Action signed onto a letter asking Congress to ensure that the Consumer Financial Protection Agency be given must full authority to regulate private student loans regardless of the institution offering them.

Protect car buyers under consumer watchdog agency
Consumer Action, along with 29 other organizations, signed on to a letter asking Congressman Barney Frank to ensure that all aspects of car financing are covered under the proposed Consumer Financial Protection Agency (CFPA).

Wisconsin payday loan cap gains support across state
Wisconsinites for Responsible Lending (WRL)—of which Consumer Action is a founding member—has announced the addition of new member organizations to its grassroots coalition.

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.

Groups seek stronger mortgage reform bill
Consumer Action signed on to Congressional testimony that opposes current mortgage reform legislation (HR 1728). The bill would provide some needed protections to predatory lending, but would also replace stronger state laws with weaker federal protections.

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.

State regulators must be allowed to protect borrowers
Consumer Action signed on to a letter to Treasury Secretary Timothy Geithner and Attorney General Eric Holder urging them to overturn a Bush Administration ruling that weakened the ability of states to investigate and enforce laws against banks in their region.

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.

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