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On Our Radar

In this section called “On Our Radar,” Consumer Action shares thought-provoking and informative issues on a variety of topics. You can add your thoughts and comments.

IMPORTANT NOTE: The issues presented in “On Our Radar” and the comments of our guests do not necessarily state or reflect the views of Consumer Action.

 

Postings

Study sees "financial self-efficacy' as vital component of financial success
Financial self-efficacy is a psychological concept that can be an important predictor of successful performance in individual financial empowerment.

Overdraft fees: How to beat the bank
Video report of one man's war with Wells Fargo about overdraft fees.

Prepaid cards: New report finds fees, gotchas
A new report finds that upon close examination, prepaid debit cards are laden with numerous types of fees and other gotchas.

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.

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.

Privacy and identity theft statutes
The 2008 edition of a California government report, "Consumer Privacy and Identity Theft - A Summary of Key Statutes and Guide for Lawmakers," is available.

The Arbitration Trap: Credit Cards Companies Ensnare Consumers
Consumers who seek justice in disputes with their credit card companies shouldn’t expect to find it in binding mandatory arbitration (BMA); in cases decided in California by a major arbitration firm over a four-year period, consumers lost 94 percent of the time, according to a new Public Citizen report .

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