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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

Families Rely on Credit Cards to Make Ends Meet
According to a new report published by Demos, American families are using credit cards to bridge the gaps created by stagnant wages and higher costs of living and balances have grown dramatically since 1989.

Responsible College Credit Card Marketing
U.S. PIRG launches “Truth About Credit Campaign” to put a stop to the out-of-control marketing and unfair practices of the credit card industry.

Legal Assistance for Families Facing Surge in Foreclosures
New Institute for Foreclosure Legal Assistance (IFLA) will provide support to groups giving legal representation to families facing foreclosure and financial ruin because of abusive subprime mortgages.

Retirement Racial Gap
New survey finds that African-Americans save far less money than whites and are no more likely to be investors today than they were a decade ago.

FTC Releases Second Fraud Survey
More than 30 million adults in the United States — 13.5 percent of the adult population of the country — were victims of certain scams during a 12-month period from 2004 to 2005, according to a newly released survey from the Federal Trade Commission.

Protecting Senior Investors
Securities regulators examine "free lunch" investment seminars.

The Shifting Cost of Credit

A new report reveals who bears the cost of credit card deregulation

Financial Literacy and Education Summit 2007
The Financial Literacy and Education Summit, hosted by the Federal Reserve Bank of Chicago during Money Smart Week and sponsored by VISA, brought together leading thinkers in the area of financial literacy policy and practice to share their vision on the future of personal finance education and explore what role the government should play in this crucial issue.

Medical Bills on Credit Cards
A report on medical credit card debt reveals that charges for uncovered healthcare expenses are piling up for some American families, putting them at financial risk.

Latinos and credit cards
Latino consumers need stronger protections to navigate the credit card market, concludes a new report by the National Council of La Raza.

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