Groups seek stronger mortgage reform bill
Consumer Action signed on to Congressional testimony that opposes current mortgage reform legislation (HR 1728). The bill would provide some needed protections to predatory lending, but would also replace stronger state laws with weaker federal protections.

State regulators must be allowed to protect borrowers
Consumer Action signed on to a letter to Treasury Secretary Timothy Geithner and Attorney General Eric Holder urging them to overturn a Bush Administration ruling that weakened the ability of states to investigate and enforce laws against banks in their region.

Loan modifications available for all mortgages, not just subprime
Consumer Action joined its coalition members in a letter supporting S. 61, which would provide judges with the authority to modify unaffordable loans for all families who are facing foreclosure, not just those with subprime mortgage loans.

Court-supervised loan modifications crucial to stopping foreclosures
Consumer Action, along with its coalition members, sent a letter urging Congress to support loan modifications via bankruptcy court, which would be an immediate and effective way to reduce foreclosures.

Foreclosure prevention necessary to solve economic recession
Leading consumer groups - including Consumer Action - sent a letter to Treasury Secretary Timothy Geithner outlining what a successful federal foreclosure prevention program should include.

Take a ride on the 'Road to Economic Recovery'
The National Community Reinvestment Coalition (Consumer Action is a member) and USAction are planning a massive week of action around the economic crisis.

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