Spotlight Archive

• Friday, January 29, 2010
  Revised rules for mortgage modifications »
  The U.S. Treasury Department has revised its rules to help simplify and improve the process of obtaining a mortgage loan modification under the government's Home Affordable Modification Program (HAMP) program. HAMP loan modifications allow eligible homeowners to avoid foreclosure by reducing a borrower's monthly mortgage payment to 31% of his income. When eligible, a homeowner is placed in a "trial" mortgage modification. After three months of on-time payments, he can qualify for a "permanent" modification, which lasts five years then rates will slowly rise.
  
  
• Thursday, August 13, 2009
  New Credit Card Survey 2009 now online »
  Consumer Action's 2009 Credit Card Survey contains information on credit card rates, fees, terms and industry practices for 39 cards from 22 issuers.
  
  
• Thursday, June 25, 2009
  Survey finds California homeowners, renters fall through the cracks »
  Despite new federal and state initiatives, the banking industry continues to fail to adequately address the foreclosure crisis, while new arenas for abuse of consumers are thriving, according to a survey by the California Reinvestment Coalition.
  
  
• Thursday, May 28, 2009
  CONSUMER ACTION 2009 fundraising event »
  On Wednesday, June 24, 2009 in San Francisco, Consumer Action will celebrate its 38th Anniversary.
  
  
• Monday, February 02, 2009
  Kiplinger's Insurance Quiz »
  Insurance: It's complex, and it can be quite expensive, too. But you're putting your finances at a big risk if you don't have enough coverage, or if you don't know exactly what your policies cover. Test your knowledge with this ten-question quiz ...
  
  
• Thursday, January 29, 2009
  Congressional Oversight Committee report released »
  A new report by the Congressional Oversight Committee points to three areas of regulation that could have prevented the current economic crisis.
  
  
• Thursday, November 13, 2008
  Discrimination charged in post-Katrina housing lawsuit »
  Civil rights and fair housing groups filed a federal lawsuit against the U.S. Department of Housing & Urban Development and the Louisiana Recovery Authority alleging that the Road Home, Louisiana's Hurricane Katrina recovery program, discriminated against African-American homeowners in New Orleans.
  
  
• Wednesday, November 05, 2008
  Survey reveals California homeowners not being helped as promised »
  The California Reinvestment Coalition, of which Consumer Action is a member, has released a report with the results from its surveys of California mortgage counseling agencies. The report found that despite lenders' promises to help borrowers, foreclosure is still the most common outcome for homeowners struggling to make mortgage payments.
  
  
• Thursday, July 24, 2008
  Take MoneyWi$e interactive classes online »
  Consumer Action and Capital One, long-time partners in the MoneyWi$e financial literacy project, have created an online interactive course to help you manage your money.
  
  
• Friday, March 14, 2008
  Financial education for the armed forces »
  Outreach staff members Mikael Wagner and Linda Williams are featured in a video segment about Consumer Action’s MoneyWi$e partnership with Capital One and how important financial literacy is to military families.
  
  
• Friday, February 29, 2008
  IRS: No tax on forgiven mortgage debt »
  Homeowners with forgiven mortgage debt in 2007 may be able to claim tax relief.
  
  

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