Managing Money
Press Release Archive
2008
May
07
- MoneyWi$e goes to Louisiana (Capital One and Consumer Action sponsor free financial literacy trainings). New Orleans — National consumer advocacy group Consumer Action and Capital One Financial Corporation announced that their joint MoneyWi$e financial literacy partnership will provide two…
05
- Banking regulators target credit card abuses (Rules take first step to rein in unfair interest rate hikes). Representatives of national consumer organizations today applauded federal banking regulators for proposing initial rules to curb some abusive credit card lending practices. The groups also…
April
15
- House holds financial literacy hearing (Consumer Action statement added to the hearing record). The House Financial Services Committee, chaired by Rep. Barney Frank, today holds a hearing on financial literacy and education to examine the effectiveness of governmental…
01
- Final report on tax refund loans released (Positive improvements for tax refund loans but still pose risks and costs to consumers). As tax season draws to a close, another year has passed in which tax preparers and their partner banks drained hundreds of millions of dollars…
February
07
- Maloney bill targets credit card abuses (Legislation is a strong step forward to protect consumers).
New legislation introduced today by House Financial Institutions and Consumer Credit Subcommittee Chairwoman Rep. Carolyn Maloney (D-NY) and Financial Services Committee Chairman Barney Frank (D-MA)…
January
15
- Anti-predatory lending advice in Spanish (Consumer Action helps Americans for Fairness in Lending target Spanish-speakers). Americans for Fairness in Lending (AFFIL) announced today that it has launched a new Spanish-language website [http://www.affil.org/es] to help counter…
2007
December
04
- Senate highlights unfair credit card rate hikes. Today the Senate Permanent Subcommittee on Investigations held a hearing, "Credit Card Practices: Unfair Interest Rate Increases" to examine the circumstances under which credit card…
November
15
- Coalition opposes predatory mortgage bill (Consumer and anti-poverty groups seek stronger redress rights and consumer protections). WASHINGTON, D.C. – A bill designed to address abuses in the lending market would leave consumers worse off than if Congress did nothing at all,…
May
24
- Consumer Action's 2007 Credit Card Survey released (‘Any time, any reason’ changes in terms give consumers no place to hide from high penalty rates and interest rate tricks).
For immediate release, Thursday, May 24, 2007—Consumer Action (CA) today releases its 2007 Credit Card Survey, which reveals new details…
16
- Credit card reform bill aims at consumer abuses (National consumers groups support the legislation). National consumer organizations today applauded Senator Carl Levin (D-Michigan) for introducing broad legislation to curb abusive credit card lending practices. The “Stop Unfair Practices in…
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…
February
09
- Consumer Action anuncia nueva campaña educativa sobre telecomunicaciones en California (Esfuerzos educativos durante la Semana Nacional de Protección al Consumidor). Consumer Action (CA), una organización sin fines de lucro nacional de educación y defensa al consumidor basada en San Francisco, anunció hoy el Proyecto de…
- CA announces new California telephone education campaign (Effort marks National Consumer Protection Week).
Consumer Action (CA), a San Francisco-based national non-profit education and advocacy organization, today announced a Telecommunications Community Education Project to educate low and moderate-income consumers…
2006
October
30
- MoneyWi$e issues free multilingual ID theft guide.
Ninety-three percent of Americans are well aware of the growing crime of identity theft. Yet despite free access to credit reports and numerous educational…
July
24
- MoneyWi$e program awards financial education grants.
Consumer advocacy group Consumer Action and Capital One Financial announced today that their joint MoneyWi$e financial literacy partnership will award stipends…
2005
December
12
- What you need to know about credit cards (Consumer Action and American Express partner new free, multilingual education initiative). Credit cards get a lot of use during the holiday season-but how well do you know your card? Consumer Action and American Express have partnered to create a free, multilingual consumer education series called Credit Cards: What You Need to Know.
November
02
- Elder fraud guide released by MoneyWi$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$e financial education series.
September
06
- National MoneyWi$e Survey Shows Americans Are Not Financially Fit. Capital One and Consumer Action find majority of Americans lack basic understanding of credit scores and the fundamentals of personal finance.
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
08
- Consumer Action and Capital One Launch New MoneyWi$e Web Site (MoneyWi$e Provides Consumers with Access to Free Financial Education). As part of their national financial literacy partnership, non-profit Consumer Action and credit card issuer Capital One today launched a new, free online financial education and money management resource for consumers, the MoneyWi$e website.
2003
December
19
- Verizon vs. RIAA ruling protects privacy of Internet users (Ruling protects privacy of Internet users).
December 19, 2003 - The privacy of Internet users was protected in a ruling issued by the DC Circuit Court today. The DC Circuit was…
October
23
- Talking to Teens About Money (Survey shows teenagers want financial advice from parents). A new financial education survey by Consumer Action and Capital One, a leading credit card provider, reveals that money is a subject that teens are interested in and that teens want more advice from their parents about money management.
06
- US Supreme Court upholds consumers’ right to reject mandatory arbitration (Court reaffirms consumer rights to reject mandatory arbitration).
April 23, 2003 - San Francisco - Telemarketing fraud, the use of the phone to swindle and cheat people, is a very big "business." A…
August
13
- MoneyWise: A Consumer Action-Capital One Financial Education Project (Free Financial Education Brought to You by Consumer Action and Capital One).
Winner: Innovative Financial Education Program 2003 NACAA Consumer Education Awards
Consumer Action and Capital One formed the MoneyWi$e national financial literacy partnership to educate consumers…
July
31
- Consumer Groups Deliver Suggestions for Improving FCRA (Testimony delivered at US Senate Committee on Banking, Housing, and Urban Affairs ).
Click here to view or download a copy of the testimony.
July 31, 2003 - Today Edmund Mierzwinski, consumer…