Welcome to Consumer Reports Advocacy

Consumer Reports is an independent nonprofit organization that works for a fair, safe and transparent marketplace.

Since we were founded as Consumers Union in 1936, we have advocated for the rights of all consumers. Now, we are united under the Consumer Reports name, bringing together our trusted testing, research, journalism, and advocacy.

We hope you will partner with us and our six million members for a better world.

House approves credit card reform bill

May 20, 2009


WASHINGTON – The U.S. House voted 361-64 today to approve an historic bill to stop credit card companies from arbritarily raising interest rates on existing balances and prohibit other unfair practices. The bill, which was approved by the Senate on May 19, is now headed to the White House for President Obama’s signature.
Pamela Banks, senior policy counsel for Consumers Union, made the following statement today after the House vote:
“It’s a win for everyone who’s ever been abused by the tricks and traps of the credit card industry. Banking lobbyists have blocked reforms for years, but when credit card companies started raising rates without warning or explanation while people are struggling, the government was compelled to step in. Consumers got fed up, they spoke out, and Congress approved reforms by an overwhelming margin. Now that the House and Senate have passed the bill, consumers are just one step away from getting some relief.”

Media Contacts:
David Butler, 202-462-6262
Kristina Edmunson, 202-462-6262
Consumers Union, publisher of Consumer Reports, is an independent, nonprofit testing and information organization serving the consumer. We are a comprehensive source of unbiased advice about products and services, personal finance, health, nutrition, and other consumer concerns. Since 1936, our mission has been to test products, inform the public, and protect consumers.