The Daily Dollar

Defend Your Dollars is the website of the Consumers Union Financial Services Campaign, where we support reforms to the financial marketplace to curb bad practices by banks and lenders.

New Development in California—the Mortgage Foreclosure Crisis Epicenter
Posted by Gail, the money mom at 07/28/08 04:15 PM

On July 2, 2008, the California Reinvestment Coalition (CRC) released a new report that examines whether mortgage loan servicing companies have done enough to help California borrowers avoid foreclosure. Read more »

Last Chance to Tell the Fed Your Credit Card Story
Posted by Gail, the money mom at 07/28/08 09:00 AM

The federal banking agencies are taking action to rein in credit card abuses that cost you money and there's only one week left to let them know what you think. Join over 30,000 people that have commented so far on the proposed rule. The deadline is August 4th. Read more »

Don’t Fear, the FDIC is Here
Posted by Gail, the money mom at 07/21/08 08:09 PM

Despite the news clips of people lined up at IndyMac branches waiting to withdraw their money, we want to assure all banking customers that there is no need to panic. All IndyMac funds and assets are protected by the FDIC, which insures most of the nation’s banks and savings associations in the case of failure. INCLUDES UPDATED INFORMATION ABOUT NEW FDIC LIMITS. Read more »

On the Horizon: Finally Some Relief at the Pump
Posted by Michelle at 07/10/08 11:11 AM

Consumers who pay at the pump with their debit cards should be able to breathe a little easier starting this October. This bit of relief comes from Visa’s recent announcement that they will be changing their rules for debit transactions at the pump. Read more »

Is Direct Express for you?
Posted by Michelle at 07/03/08 12:54 PM

If you are a Social Security recipient who is interested in the Direct Express card, we have some tips for you. Read more »