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.
Being on the financial team used to be like sitting by yourself at the lunch table in middle school. Now all the cool kids want to sit with us.
In fact, joining our table is Oprah, who did a piece on the depressing results of people having to run out of their house due to a foreclosure. Oprah should meet Carl Lee, also from Chicago, who talks about what it feels like to wait for foreclosure.
And of course, Arianna Huffington seems to be still attending our financial team meetings and wrote a great post on credit cards. We are recruiting her to play shortstop on the company softball team this summer.
Over at the Consumerist, where they have been hanging out with the cool kids since pre-school, they found a fantastic map about bank failures and foreclosures in your state.
CU's Michelle Jun says to watch out for some of the cool kids. Like Russel Simmons, whose Visa Rushcard may be full of hidden fees.
Norma, the brains and elbow grease behind Faces of Foreclosure, needed to take a break from ridiculously complicated home loan docs and is reading "Brothers: TheHidden History of the Kennedy Years" by David Talbot. She says, "it is a fascinating book that carefully analyzes and recounts the historical undercurrents occurring before, during, and after the Kennedy assassinations. This is a great book for anyone who has any interest in the Kennedy years, but especially for those of us who lived through the assassinations but were too young to appreciate the historical context surrounding these events. Put this one on your “must read” list."
Lauren, who has been pushing hard to fix bank overdraft fees, is also thinking about buying her first house. She really liked this CR Money post on tax credits for first-time home buyers.
We all thank Calculated Risk for this interesting piece on the rental market.
Declining rent prices might be helpful for all the families losing their homes to foreclosure but what will be the impact on the overall market? We talked to Eloise, another one of the Faces of Foreclosure and a renter. She was being forced out of her home due to foreclosure on the landlords.
Finally, Gail caught this post by the ever cool kids at AFFIL on Obama’s new regulation principles and also wrote about our tax money being used to only support lending companies that doesn’t rip us off.
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