We support reforms to the financial marketplace to curb bad practices by banks and lenders.
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Bank of America: Drop the $5 Debit Card Usage Fee
October 17, 2011 Brian T. Moynihan Chief Executive Officer and President Bank of America Corporation 401 N Tryon Street Charlotte, NC 28202 Re: Drop the $5 Debit Card Usage Fee Dear Mr. Moynihan: Recent news accounts have indicated that Bank of America will begin charging many of its checking account customers a $5 monthly fee Continue Reading
Categories: Banking
Tags: debit cards, letter
SunTrust Banks, Inc: Drop the $5 Debit Card Usage Fee
October 17, 2011 William H. Rogers, Jr. President and Chief Executive Officer SunTrust Banks, Inc. 303 Peachtree Street Northeast Atlanta, GA 30308-3201 Re: Drop the $5 Debit Card Usage Fee Dear Mr. Rogers: Recent news accounts have indicated that SunTrust Bank will charge Basic Everyday Checking Account customers a $5 per month fee in any Continue Reading
Categories: Banking
Tags: debit cards, letter
Wells Fargo & Co: Drop the $3 Debit Card Usage Fee Pilot
Letter to CEO to drop the $3 debit card usage fee pilot
Categories: Banking
Tags: debit cards, letter
JPMorgan Chase & Co: Drop the $3 Debit Card Usage Fee Pilot
Letter to CEO requesting dropping the $3 debit card usage fee pilot
Categories: Banking
Tags: debit cards, letter
G20 meetings 2011 –Consumers International response to OECD high level principles on financial consumer protection and FSB report on enhancing protection in consumer finance
CU President & CEO joins Consumers International and global consumer leaders to call on the G20 finance ministers to improve consumer protection in financial services
Categories: Uncategorized
Tags: letter
Open letter to the G20 finance ministers and G20 leaders from Consumers International, the global federation of consumer organizations
CU President & CEO joins Consumers International and global consumer leaders to call on the G20 finance ministers to improve consumer protection in financial services
Categories: Uncategorized
Tags: letter
Letter to Congress requesting investigation of Bank of America’s new debit card fee
October 4, 2011 The Honorable Timothy Johnson Chairman The Honorable Richard Sheldby Ranking Member Committee on Banking, Housing and Urban Affairs United States Senate Washington, DC 20510 Re: Bank of America Debit Fees Dear Chairman Johnson and Senator Shelby: We are writing to express our deep concern over Bank of America’s new fee that will Continue Reading
Categories: Banking
Tags: debit cards, letter
Consumer Advocates Comments to Proposed Rules on Changes to Check Processing
June 1, 2011 Jennifer Johnson Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Ave, NW Washington, D.C. 20551 RE: 12 CFR Part 229, Regulation CC; Docket No. R-1409 Dear Ms. Johnson: Consumers Union, the nonprofit publisher of Consumer Reports® and Consumer Federation of America appreciate this opportunity to provide comment Continue Reading
Stop Abusive Online Payday Lending, Support a Strong CFPB
Payday Loans Trap Borrowers in High-Cost Debt; Federal regulators should partner with states to ensure online payday loans do not evade their consumer protection laws May 11, 2011 Dear Representative: We, the undersigned consumer and community organizations, are writing to alert you to the dangers of payday lending and to urge you to oppose proposals Continue Reading
Categories: CFPB
Tags: legislation, letter
CU urges House Financial Services Committee to reject bills that weaken the CFPB
May 9, 2011 Dear Representative: The House Financial Services Committee will soon consider several bills that would significantly undermine the Consumer Financial Protection Bureau’s (CFPB) ability to protect consumers from unsafe and abusive financial products. Consumers Union, the non profit publishers of Consumer Reports®, strongly urges you to vote against these bills that, if passed, Continue Reading
