Press Releases
Press Releases
| Date | Press Releases | Topic |
|---|---|---|
| Jan 25, 2010 |
Obama Proposes More Affordable Student Loan Payments “The student loan proposal announced by the President today could not come at a better time, as the weak economy and high unemployment are making it harder than ever for people to make monthly payments on their student loans." |
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| Jan 14, 2010 |
Pew Commends the Federal Reserve’s Latest Rules on the Credit CARD Act of 2009 Nick Bourke, project manager for the Pew Safe Credit Cards Project, today issued the following statement in response to the latest rules under the Credit CARD Act of 2009. |
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| Dec 15, 2009 |
New Default Rate Data for Federal Student Loans: 44% of Defaulters Attended For-Profit Institutions Yesterday the U.S. Department of Education released a preview of college “cohort default rates” for federal student loans using a more robust methodology that will take effect in 2011. |
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| Oct 28, 2009 |
Pew Report Finds Deceptive Credit Card Practices Remain Widespread One hundred percent of credit cards offered online by the leading bank card issuers continue to include practices that will be outlawed once legislation passed in May takes effect next year, according to a new report by the Pew Health Group’s Safe Credit Cards Project. |
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| May 20, 2009 |
Pew Analysis Shows Senate Bill Would Curb Billions in Credit Card Penalty Charges A full 82 percent of credit cards allow penalty interest rate hikes that could last indefinitely, giving responsible cardholders no right to return to the originally agreed upon interest rate, according to a new issue brief from The Pew Charitable Trusts’ Safe Credit Cards Project. |
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| May 19, 2009 |
Pew Statement Applauding Senate Vote to Stop Many Deceptive Credit Card Practices "The Senate today joined the House in coming together to pass smart, strong, bipartisan legislation that puts an end to many unfair and deceptive credit card practices. This is a tremendous victory for the millions of credit card carrying consumers, many of whom will be able to avoid hundreds, even thousands of dollars in unfair fees and interest rate hikes." |
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| May 11, 2009 |
Pew Statement Urging Senate to Protect Consumers from Deceptive Credit Card Practices "The current economic crisis has made it clear that ignoring unfair and deceptive lending practices can hurt both family finances and our economy. Fortunately, the U.S. Senate has the opportunity this week to join the House in passing legislation to ensure credit card companies use safe, fair and transparent policies." |
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| Apr 30, 2009 |
Statement Applauding Bipartisan Passage of the Credit Cardholders' Bill of Rights "The passage of the Credit Cardholders' Bill of Rights is a victory for all consumers and for credit card issuers who want to offer a safe and fair product." |
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| Apr 29, 2009 |
The Retirement Security Project announced today that J. Mark Iwry, Principal of The Retirement Security Project, Nonresident Senior Fellow at the Brookings Institution, and former Treasury Department official, has been appointed by Treasury Secretary Timothy Geithner as Senior Adviser to the Secretary and Deputy Assistant Treasury Secretary for Retirement and Health Policy, effective April 27, 2009. |
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| Apr 29, 2009 |
Statement Urging House to Pass the Credit Cardholders' Bill of Rights "In this economic climate, allowing credit card issuers to continue to engage in unfair and deceptive practices is like letting a car company continue to sell cars we know have faulty brakes. Congress needs to act now to give consumers protection under the law from business practices that the Federal Reserve and our independent research have shown are widespread." |
