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.

Summary of Pew Study on Credit Card Practices
Posted by Minerva Novoa at 03/30/09 05:45 PM

Pew Charitable Trusts conducted a study of the 12 largest credit card issuers Read more »

It’s a big week for credit card legislation!
Posted by Lauren at 03/30/09 03:28 PM

The House Financial Services Committee and the Senate Banking Committee will vote on consumer friendly credit card bills this week. Read more »

Consumer Complaints Work: JP Morgan and Chase to issue Refunds on Credit Cards
Posted by Tim at 03/27/09 03:25 PM

Following consumer group testimony this month about abusive credit card fees and practices, JPMorgan Chase has decided to refund the $10 per month fee added to 400,000 low-interest cards that started this year. Read more »

What are the common sense reforms we need?
Posted by Kathy Mitchell at 03/26/09 04:48 PM

President Obama told Jay Leno that we have a right to expect that our financial products won't explode, so how do we get there? Our own Gail Hillebrand testified this week before Senate Banking with some ideas. Read more »

CU overdraft activists are in the news!
Posted by Lauren at 03/26/09 03:26 PM

Overdraft stories are big news as the deadline for comments to the Fed approaches on March 30th. Read more »

Obama says it's time for common sense credit card reform
Posted by Kathy Mitchell at 03/24/09 03:34 PM

President Obama, last week told Jay Leno and millions of viewers that it's time for common sense credit card reform. We whole heartedly agree. Read more »

New programs helping today’s homeowners
Posted by Minerva Novoa at 03/20/09 06:03 PM

New Obama Administration programs helping today’s homeowners. Read more »

Capcom Rep Responds
Posted by Michelle at 03/17/09 03:47 PM

Capcom's Prepaid Card Changes...A bit Updated Read more »

FSPC: Slowing The Race To The Bottom
Posted by Tim at 03/13/09 09:56 AM

Guest Blogger: Julia Caplan How the Financial Product Safety Commission will work for you Read more »

Nebraska Identity Theft Bill Advances
Posted by Michelle at 03/12/09 11:12 AM

GUEST POST by Jaimee Napp, Executive Director of Identity Theft Action Council of Nebraska: Recently, the Nebraska Unicameral unanimously gave its first round approval to a security freeze enhancement bill (LB 177). In 2007, Nebraska passed The Credit Report Protection Act allowing all Nebraska consumers to freeze their credit. Read more »

Those pesky overdraft fees--the Fed needs to hear from you too!
Posted by Lauren at 03/12/09 07:52 AM

CU sent the Federal Reserve Board its comments this morning on a proposal that would finally do something about all those overdraft fees that you never approved. The formal comment period ends this month--so take a moment to add your voice. Read more »

Another Federal Watchdog Agency? It's a Good Thing
Posted by Tim at 03/10/09 03:19 PM

Senators Durbin and Schumer just proposed a federal consumer watchdog agency to look out for your money. Read more »

The Faces of Foreclosure— Tomás Hernandez
Posted by Tim at 03/10/09 11:29 AM

"It didn't turn out the way they said it would. The only option we have is to leave our house." —Tomás Hernandez Read more »

Know the rules of the game before taking Capcom card
Posted by Tim at 03/04/09 04:48 PM

This one's for the gamers (or maybe the parents of gamers). Read more »

Wow! Decisions based on actual data!
Posted by Tim at 03/04/09 03:10 PM

Consumer Union responds to the Presidents call for a new regulatory system. By Gail Hillebrand Read more »

Faces of Foreclosure—Argy Tripodis
Posted by Tim at 03/02/09 04:22 PM

“They’ve told us we can either walk away, we can look at foreclosure. That’s not a nice choice.” --Argy Tripodis Read more »