FDIC study: Serving the unbanked and underbanked
In the first national survey of banks' efforts to serve unbanked and underbanked individuals and families in their market areas, the FDIC found that improvement may be possible in certain areas.

Reasons you can't get your credit report fixed
A noted national consumer law organization releases a report documenting the abysmal quality of the credit report dispute system provided for by law to protect consumers from errors in their credit reports.

Could regulations have prevented the economic crisis?
A new report by the Congressional Oversight Committee points to three areas of regulation that could have prevented the current economic crisis.

Old debt gets new rates: Citigroup raises credit card rates
An article by Tim Westrich of the Center for American Progress discusses Citigroup's announcement that it would raise its credit card interest rates on 20 percent of its customers, just weeks after accepting $25 billion from the federal government.

Women head of households in worse financial condition
The 26 percent of all households headed only by a woman earn, save, and have accumulated far less wealth than have other American households, according to a Consumer Federation of America (CFA) analysis of the most recent data collected by the Federal Reserve Board's authoritative Survey of Consumer Finances.

Call to Action: Health Care Reform 2009
Senator Max Baucus (D-MT), chair of the key U.S. Senate Committee on Finance, has issued a detailed "white paper" on insurance-based health care reform. It includes public and private plan options and directives to limit "out of pocket" costs for patients.

Merchants get Congressional help on fair interchange fees
The Credit Card Fair Fee Act of 2008 (HR 5546) would allow merchants to negotiate directly with the card associations in an effort to lower interchange rates.

Study reveals impact of overdraft fees on older Americans
The Center for Responsible Lending has published a report that reveals how unauthorized overdrafts fees strip $4.5 billion per year from Americans 55 and older. The study found that nearly $1 billion of that money comes from people who are heavily dependent on Social Security income.

Overdraft loans target low-income and fail to offer informed choice
A survey by the Center for Responsible Lending has found that most consumers want a choice about being enrolled in overdraft programs and that most would prefer their banks issue a "denial of funds" rather than an expensive overdraft loan. It also found that low-income consumers are often the target of these loans.

Final report still warns consumers about tax refund loans
The National Consumer Law Center and Consumer Federation of America have released their final report for 2008 on RALS or Refund Anticipation Loans.

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