Consumer Action
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Consumer Action is a nonprofit, consumer education and advocacy center, serving consumers in the United States. Founded in 19711, Consumer Action, as a 510(c)(3) nonprofit organization. It has offices in San Francisco, Washington, D.C., and Los Angeles.
Consumer Action is a nonprofit, consumer education and advocacy center, serving consumers in the United States. Founded in 1971, Consumer Action, as a 510(c)(3) nonprofit organization. It has offices in San Francisco, Washington, D.C., and Los Angeles.
Credit Card Survey
In June 1986, in collaboration with the Consumer Federation, Consumer Action introduced the Consumer Action Credit Card Survey, an annual survey of credit cards, banks, and lending practices. The survey has become well known for highlighting hidden practices of credit card vendors that are anti-consumer. The annual survey has highlighted predatory lending practices; and has been used to gain the attention of lawmakers. Don Oldenburg, of The Washington Post sites the highlighting of questionable lending and payment practices as one of the resources used for Congress and federal bank regulators to these questionable and costly practices. Congress, a House bill called "The Consumer Credit Card Protection Act" would prohibit arbitrary universal default penalties. Another bill, "The Loan Shark Prevention Act," would establish a fair cap on credit card interest rates. The survey has been quoted and used local and national sources, such as Smart Money, CNN Money, and The New York Times.
Text derived from https://en.wikipedia.org/w/index.php?oldid=1356033583 under CC BY-SA 4.0; modifications have been made.