An active-duty soldier whose mortgage servicing company reported him as “seriously delinquent”—even though he never missed a payment…
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Richard Cordray, the Treasurer of Ohio, has been spear-heading a drive to get Ohioans to take a stand in favor of the proposed changes to the credit card regulations that are being considered in Washington. He hopes to gather between 5,000 and 10,000 comments by August 4th, when he’ll submit them to the Federal Reserve, as well as to the Office of Thrift Supervision and the National Credit Union Administration, the other two agencies that are pondering cardholder-friendly provisions.
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My hat’s off to Linda Sherry, the director of national priorities at Consumer Action (CA), for her 13 years of work in protecting our rights, whether the issue is unfair credit card practices, Internet privacy, insurance fraud, or bankruptcy reform. Linda is in charge of researching and writing the many free publications CA offers on these and other subjects – in addition to its important annual surveys of banks, credit cards, prepaid phone cards, and long distance telephone carriers.
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