From their site:
“Consumer Action, founded in 1971, is a national non-profit education and advocacy organization offering many free services to consumers.”
Snippet from their reaction:
“The Board has given banks another year and a half to continue indiscriminate interest rate increases on consumers with historically high credit card balances. When they can least afford it, cardholders will be vulnerable to the piling on of unconscionably high finance charges. This may be the straw that breaks the camel’s back.”
Click here to read the full Consumer Action reaction to the Federal Reserve Credit Card Rule.