Senator Durbin
United States Senate
Washington, DC 20510
Dear Senator Durbin:
We write on behalf of Americans for Financial Reform, an unprecedented coalition of over 250 national, state and local groups who have come together to …

In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA).  Consumer advocates strongly opposed this bill, warning that it was designed only to profit credit card companies while harming consumers.  A study …

Comprehensive Reforms Are Only Way to Ensure Stability in the Economy
Washington, DC – Americans for Financial Reform released the following statement marking the full implementation the Credit Card Accountability, Responsibility and Disclosure (CARD) Act today.
Ed …

For Valentine’s Day, The Public Breaks Up With the Big Banks in a Boycott and Outreach Movement

This Valentine’s Day is the perfect time to end your abusive relationship with the big banks that have …

The LA Times ran this precient article about banks’ vengeful behavior against consumers in advance of credit card rules going into effect in February.  Here is an excerpt:
Happy new year. Now pay up.
That’s the message …

Siegel+Gale put together this PDF which boils down a sample credit card’s terms to one page.
While the language is simpler than your average 30-page contract, it’s still not ideal; note that the late fee is …