By now you have probably heard that Bank of America is going to charge its debit card customers a $5 per month fee. Wells Fargo and Chase are looking at $3 per month fees. In fact, across-the-board, banks are looking at all kinds of fees to boost their bottom line. This is bad for consumers,… Read more…
On August 17th I walked into a meeting with the new Consumer Financial Protection Bureau (CFPB) very hopeful and a bit nervous. I was very anxious to effectively represent your interest in protecting and expanding your access to cash when you need it most. I was also hopeful that your signatures and stories could influence… Read more…
The Federal Reserve Bank of Kansas City just released the results of a groundbreaking study that concluded: “Restricting payday lending could deny some consumers access to credit, limit their ability to maintain formal credit standing, or force them to seek more costly credit alternatives.”[i] While this may seem obvious to most of us, not many… Read more…
As more and more of us struggle to meet our financial obligations, we have fewer and fewer credit options. And now, our few remaining options are under attack by well intended law makers.
Join more than 90,000 Americans and tell Consumer Financial Protection Bureau that you deserve access to short-term credit: Sign our Petition Now!
Why not get started today doing what we can to make 2011 better? It takes less than one minute to sign the petition to protect your right to make personal financial decisions.
With the outcome of our recent elections, much work is ahead for the existing and newly elected Federal and State Representatives. It is our hope that in 2011, Congress will make sure the new Bureau of Consumer Financial Protection will finally address the growing issue of access to credit in this country. We are going… Read more…
A credit score is a three-digit number that can have a huge impact on your quality of life. First developed by the home loan industry in the 1990’s, today credit scores are used by all lenders and may also be seen by employers, landlords, cell phone, utility companies, and the insurance industry. They use your… Read more…
The new financial reform bill calls for the creation of the Bureau of Consumer Financial Protection. Once the Bureau is created, it will regulate a wide variety of consumer financial services. We hope that the reform bill will protect consumers with limited access to credit and not just consumers of traditional bank products. The leader… Read more…
While some members of the Consumer Rights Coalition have told me they are confident Congress’ financial regulatory reform legislation is a step in the right direction, many remain concerned about how it will impact their access to credit. We are not referring to accessing credit for vacations, concert tickets, or a new dress to wear… Read more…
Credit is a valuable and necessary financial tool. It can help you establish a credit history, make purchases conveniently, and take advantage of the benefits and services offered by credit issuers. But not managing your credit wisely can lead to: Increased interest rates (APRs) Penalty fees A decline in your credit score Denials of future… Read more…
