posted on 07-10-2008 at 10:49AM
Credit card contracts are packed with fine print tricks and traps to increase the likelihood of paying fees and penalties. As part of our summer focus on credit cards, AFFIL has compiled this list of common tricks and traps. You will be hard pressed to find a credit card without these terms - at least until our government outlaws them - but if...
posted on 07-02-2008 at 11:02AM
Sick of banks and credit card companies coming up with ways to get your cash? Do you want an end to the predatory lending practice that caused the subprime mortgage mess? Check out this short article from PBS Now that lays out both Presidential Candidates' take on the issue. Then visit our Campaign Center and use our handy webform to tell the candidat...
posted on 07-02-2008 at 10:38AM
Back in March, Representative Barney Frank said that the consumer movement is like a “horseless headman,” and AFFIL Campaign Manager, Sarah Byrnes elaborated on this sentiment in here blog post, Is the consumer movement a “horseless headman?”, on Caveat Emptor. She wrote: … [T]he consumer movement has some top-no...
posted on 06-04-2008 at 08:04AM
Families save billions as Ohio joins 14 states and DC in rejecting predatory payday lending One third of the nation's population will soon be free of a practice that has stripped billions per year from the paychecks of low-wealth Americans over the past two decades, as Governor Ted Strickland signs a law today capping interest rates at 28 percent in Ohio...
posted on 05-15-2008 at 11:39AM
From Caveat Emptor, May 14 By AFFIL Campaign Manager, Sarah Byrnes "If you were paying attention, you would probably think that students are facing difficulty getting loans these days. (You might also be concerned about the soaring cost of college, but that’s another can of worms. But despite all the recent fuss, Loonin is clear in her post on th...
posted on 05-12-2008 at 10:49AM
Today (May 12, 2008), Americans for Fairness in Lending (AFFIL) launched a new radio advertising campaign today highlighting the devastating impact predatory lending is having on residents of Kansas. Thirty- and 60-second spots are airing during drive time on major radio stations in the Kansas City area declaring that predatory lending is a “Man-Ma...
posted on 04-17-2008 at 07:43AM
Lack of regulation of manipulative lenders has led to an explosion of foreclosures across the country, but it seems mortgages aren't the only loans spiraling out of control. Bankruptcy filings rose 38% in 2007. Borrowers are loosing their footing as lenders create new tricks to max customers out. Lawmakers claim that bankruptcy allows sneak...
posted on 04-08-2008 at 07:23AM
(April 8,2008) "James D. Scurlock has been awarded the 2008 Ridenhour Book Prize which honors an outstanding work of social significance from the prior publishing year. Scurlock’s book, Maxed Out: Hard Times in the Age of Easy Credit is a disturbing account of America’s unsustainable relationship with debt, revealing the vulnerability of the a...
posted on 04-03-2008 at 07:23AM
AFFIL Partners Issue Statement:Washington, DC – In response to bankruptcy measures that would help more than half a million families being dropped for the Senate housing package, the following 15 civil rights, consumer and housing groups – Center for Responsible Lending, Leadership Conference on Civil Rights, ACORN, American Federation of Labo...
posted on 03-18-2008 at 10:05AM
Join Americans For Fairness In Lending and the BU Film Society for a free screening of the 2007 critically acclaimed independent documentary MAXED OUT Hosted By:: Americans For Fairness In Lending e-mail When: 03/19/200...