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.

Federal Government Should Set Standards for Taxpayer-backed Credit Card Debt
Posted by Gail H. at 11/26/08 01:54 PM

The Treasury Department announced plans to provide $20 billion to back $200 billion in securitized consumer debt, including for credit card debt. We need standards to make sure taxpayer money isn't used to support credit card practices that rip off consumers. Read more »

The Community Reinvestment Act did not cause the foreclosure crisis
Posted by Gail, the money mom at 11/26/08 11:15 AM

We denounce this as attempt to deflect attention away from the real problem affecting our financial system- failed regulatory policy and oversight. Read more »

FDIC Proposes Sensible Program to Avoid Foreclosures
Posted by Gail H. at 11/20/08 05:09 PM

We are spending over $150 billion in taxpayer money to buy non-voting shares in banks. How about spending at least a fraction of that to stop the flood of foreclosures? Read more »

Tweeter Files, Circuit City Struggles: Who’s Next? Use your Gift Cards before it’s too late
Posted by Tim at 11/07/08 12:59 PM

It is likely that more and more retailers are going to be forced to close their doors, and, when a retailer files for Chapter 11, people with gift cards must fight to get their money back. Read more »