A Message from Consumer Action

Consumer Action's MoneyWi$e educational materials have moved to our Managing Money Project website. Here you may view, download and order bulk copies of the MoneyWi$e materials. Please make a note of the Managing Money Project address— www.managing-money.org —and add it to your address book.

News

2007

August

22
  • Consumers don't heed savings interest rates. Sixty percent of consumers surveyed in May said they "almost never" check the interest rates available on savings accounts, even though most respondents pointed to rates as a top concern for them, according to an…
  • Billions stream into safe government funds. Amid concern about the credit crunch, institutional investors are shifting money out of money market funds that could potentially hold risky corporate debt and into other money funds that invest only in ultrasafe government securities.…
  • Tenant screening could cost you rental. The process of finding the perfect rental house or apartment can range from hectic to nearly impossible. But it could be worse: Picture yourself locating that long sought-after apartment or town house only to be…
  • California urged to help homeowners in foreclosure. Lawmakers and lenders called on the state's troubled home mortgage industry Tuesday to step up efforts to help financially strapped Californians avoid losing their homes to foreclosure. But they stopped well short of endorsing calls…

May

23
  • 2007 Credit Card Survey. Consumer Action's 2007 Credit Card Survey was conducted between Oct. 9, 2006 and March 2, 2007. Consumer Action examined 83 cards from 20 banks, including the top 10 U.S. credit card issuers. In our new report we detail our findings on change of terms provisions, penalty rate policies, balance transfer costs and offers, fees to pay by phone and to make last-minute payments online, cash advance costs, residual interest and two-cycle billing, minimum ages for authorized users, rewards cards, arbitration clauses and minimum payment formulas.
16

March

07
  • Levin hearing exposes widespread credit card abuses. National consumer organizations today called on Congress to enact legislation to curb abusive credit card lending practices highlighted in a hearing this morning by the Senate Permanent Subcommittee on Investigations. The hearing was convened by…

February

09

2006

October

30
  • MoneyWi$e issues free multilingual ID theft guide. Ninety-three percent of Americans are well aware of the growing crime of identity theft. Yet despite free access to credit reports and numerous educational efforts, a new survey from national advocacy group Consumer Action and…

July

24
  • MoneyWi$e program awards financial education grants. Consumer advocacy group Consumer Action and Capital One Financial announced today that their joint MoneyWi$e financial literacy partnership will award stipends totaling $75,000 to community non-profit groups in 13 states. The stipends support the efforts…

2005

December

12

November

02
  • Elder fraud guide released by MoneyWi$e partners (Consumer Action and Capital One helps seniors spot scams and fight back). More than five million elderly people are victimized by financial fraud each year, and with millions of baby boomers quickly approaching retirement age, elder fraud is a growing concern in the United States. With this in mind, national consumer advocacy group Consumer Action and leading financial services provider Capital One have developed a free new guide, Just Say No to Senior Scams. The guide offers tips seniors can use to spot and protect themselves from scams and is part of the Capital One-Consumer Action MoneyWi$e financial education series.

September

06

May

24

March

22

2004

May

25
  • 2004 Annual Credit Card Survey uncovers increases in anti-consumer practices. In its new annual Credit Card Survey, released today, Consumer Action (CA) examined 140 cards from 45 issuers and found that many banks are immediately charging late fees on payments not received on the due date and high punitive interest rates after just one or two late payments or a change in credit performance with other creditors.

March

21
  • 2004 Credit Card Survey. Consumer Action examined 140 cards from 45 issuers for its 2004 Credit Card Survey and documented increased penalty fees and rates, "zero interest" introductory offers, cash advance rates, currency conversion fees and rewards cards, among other details of interest to cardholders.
08

2003

December

19
 

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