Press Releases

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Dec 15, 2011

Kohl and Grassley to hold hearing on Physician Payments Sunshine Act Implementation

On Thursday, December 15, Senate Special Committee on Aging Chairman Herb Kohl (D-Wis.) will convene a hearing entitled, “Parting the Clouds: Implementing the Physician Payments Sunshine Act.”

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Oct 18, 2011

Los Cargos Ocultos O Inesperados Son Mencionados Como La Razón Principal Por La Cual Los Trabajadores Pobres Cierran Cuentas de Banco

Los "cargos ocultos o inesperados" fueron mencionados como la razón principal por la cual los trabajadores pobres del Gran Los Ángeles, aquellos que tienen empleo pero que incluso así permanecen en pobreza relativa, cerraron cuentas de banco el pasado año, por encima de razones como la pérdida del empleo o la falta de dinero, según una encuesta en hogares predominantemente hispanos y de bajos ingresos dada a conocer por el Safe Banking Opportunities Project (Proyecto Oportunidades para Banca Segura) del Pew Health Group.

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Oct 18, 2011

Hidden or Unexpected Fees Cited as Top Reason Working Poor Close Bank Accounts

“Hidden or unexpected fees” were cited as the number one reason Greater Los Angeles’ working poor – those who are employed yet remain in relative poverty– closed bank accounts in the past year, surpassing job loss or lack of money, according to a survey of predominately Hispanic, low-income households released by the Pew Health Group’s Safe Banking Opportunities Project.

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May 18, 2011

Business Credit Cards Place Millions of U.S. Households at Risk

The Credit CARD Act of 2009, signed into law two years ago, made consumer credit cards safer and more transparent. But, its rules did not apply to cards labeled for business or commercial use, placing millions of individuals and small business owners at risk.

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May 10, 2011

Two Years after Credit Card Act, Pew Finds Interest Rates and Other Fees Stabilized

Credit card holders are seeing stabilized interest rates, the elimination of overlimit penalty charges, a reduction in late fees charged by banks and minimal changes in annual fees since the Credit CARD Act of 2009 took effect, according to new research by the Pew Health Group’s Safe Credit Cards Project.

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Aug 19, 2010

Consumers to Benefit from Final Implementation of Credit CARD Act of 2009; Pew Urges Additional Action from Federal Reserve

Nick Bourke, director of the Pew Health Group’s Safe Credit Cards Project, today issued the following statement in response to the final rules under the Credit CARD Act of 2009, which will take effect Sunday, August 22.

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Aug 11, 2010

Pew Applauds Introduction of Automatic IRA Legislation, Urges Bipartisan Support

Eleni Constantine, director of the Pew Health Group’s financial security portfolio, issued the following statement in support of legislation creating an “automatic IRA,” S. 3760, introduced by Sen. Jeff Bingaman (D-NM) and H.R. 6099, introduced by Rep. Richard Neal (D-MA).

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Jul 22, 2010

Pew Report Finds Credit Cards More Transparent, Yet Problems Remain

Most of the practices deemed “unfair” or “deceptive” by the Federal Reserve have disappeared from new credit card offers since federal passage of the Credit CARD Act last year, according to a new report by the Pew Health Group’s Safe Credit Cards Project. Yet new trends have emerged that could cost cardholders significantly.

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Jul 20, 2010

Pew Health Group Report Measures Financial Habits of Low-Income Families in Greater Los Angeles

Half of low-income families in Greater Los Angeles turn to costly and unregulated alternative financial services (AFS) rather than banks to meet their monetary needs, according to a new survey released today by the Pew Health Group’s Safe Banking Opportunities Project.

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Feb 16, 2010

Pew Finds Credit CARD Act Will Save Consumers Billions

The Credit CARD Act of 2009, with major provisions taking effect this month, will save American cardholders billions of dollars by banning unfair or deceptive practices, according to research from the Pew Safe Credit Cards Project.

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