SB 1275 enacts the Homeowner’s Bill of Rights. It requires that homeowners receive notice of their rights regarding their loans prior to foreclosure and remedies for those whose rights were violated under this act.

By keeping more homes off the market, AB 2502’s consumer protections will also help ensure the future stability of the economy. For these reasons, we strongly support AB 2502.

By limiting the total cost of consumer credit to 36 percent, Congress will keep billions of dollars in the hands of low and moderate-income consumers, enabling them to spend those dollars to pay bills, buy groceries, and help their families, not high cost lenders.

Tenants Together, California’s Statewide Organization for Renters’ Rights, is launching a new hotline for tenants in foreclosure situations. Tenants Together announced the hotline to address a growing problem – the harassment and displacement of tenants who are innocent victims of the mortgage crisis. California tenants should call: 415.495.8012.

H.R. 5244 would help tens of millions of Americans avoid suffocating debt by beginning a long overdue effort by Congress to prevent a second "subprime like meltdown" that would send our economy into an even deeper recession.

If enacted, H.R. 5244 would help tens of millions of Americans avoid increasing and undeserved debt while beginning a long overdue effort by Congress to prevent a second "subprime like meltdown" that would send our economy into an even deeper recession.

If enacted, H.R. 5244 would help tens of millions of Americans avoid increasing and undeserved debt while beginning a long overdue effort by Congress to prevent a second "subprime like meltdown" that would send our economy into an even deeper recession.

As California's foreclosure crisis continues unabated and families are being ousted from their homes at an unprecedented pace, the state legislature is finally taking action.

Richard Holober of the Consumer Federation of California said.."It's an effort to say 'we have a cost and we have chosen not to fix these errors because it's more expensive to fix than ignore...all those little ATM mistakes could be a windfall for Wells.

A South Bay lawmaker introduced legislation Tuesday that would stop California retailers from charging customers extra fees for using debit cards. Sen. Jenny Oropeza...said she introduced SB 933 to protect consumers during difficult economic times.

"Instead of increasing maximum loan amounts, legitimizing Internet payday lending and offering unattractive re-payment plans, California should embrace the growing national consensus that predatory payday lending practices must be reined..." stated Consumer Federation of California...

The subprime-driven foreclosure crisis has been disastrous for some minority communities, and its ripple effects have brought economic calamity to much of the country. As federal officials develop regulations to govern the new Consumer Financial Protection Bureau, they must invest it with the authority to prevent such abuses in the future.

But you have to wonder: How much could it really cost to digitally record some value on the magnetic strip of a piece of plastic? A few taps on the keyboard, a swipe through the machine — that's a few bucks' worth of service?

Wells Fargo garnered more than $1.4 billion in overdraft fees just in California from 2005 to 2007, according to court documents. Nationwide, banks and credit unions collected almost $24 billion in overdraft fees in 2008, according to the Center for Responsible Lending.

Countrywide Financial Corp., which epitomized the home-loan industry's boom and bust, has agreed to pay $600 million in the largest settlement yet of shareholder lawsuits stemming from the mortgage meltdown.

It creates a Consumer Financial Protection Bureau, with a director appointed by the president and confirmed by the Senate and independent rule-making and enforcement authority. Inexplicably, Congress chose to put it in the Federal Reserve; a truly stand-alone agency would have been preferable, particularly in the regulation of mortgage and credit card practices.

"The massive response in favor of these reforms shows that Americans are fed up with the many traps and tricks that card companies use to drive up the amount of debt consumers owe," said Travis B. Plunkett, legislative director of CFA.