Defend Your Dollars http://www.defendyourdollars.org/ 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. en Copyright 2012 Fri, 02 Sep 2011 11:24:38 -0800 http://www.sixapart.com/movabletype/?v=3.2 http://blogs.law.harvard.edu/tech/rss US Government To Sue Big Banks Over Mortgage Crisis Too big to fail doesn’t mean too big to do the right thing

]]> http://www.defendyourdollars.org/2011/09/us_government_to_sue_big_banks.html http://www.defendyourdollars.org/2011/09/us_government_to_sue_big_banks.html Blog Post Fri, 02 Sep 2011 11:24:38 -0800 Bank of America To Pay 8.5 Billion To Investors Investors get theirs but what about the rest of America?

]]> http://www.defendyourdollars.org/2011/06/bank_of_america_to_pay_85_bill.html http://www.defendyourdollars.org/2011/06/bank_of_america_to_pay_85_bill.html Blog Post Thu, 30 Jun 2011 09:50:49 -0800 Too Big to Fail? Not When it Comes to Helping Homeowners A Failing Grade for Nation’s Largest Banks
By Viviana Santiago

]]> http://www.defendyourdollars.org/2011/06/too_big_to_fail_not_when_it_co.html http://www.defendyourdollars.org/2011/06/too_big_to_fail_not_when_it_co.html Blog Post Wed, 15 Jun 2011 11:06:34 -0800 Is There Life After Foreclosure? By Norma Garcia

Giving Credit Where Credit is Due: According to New TransUnion Report, “Mortgage-Only Defaulters Not as Risky as Expected”

]]> http://www.defendyourdollars.org/2011/06/is_there_life_after_foreclosur.html http://www.defendyourdollars.org/2011/06/is_there_life_after_foreclosur.html Blog Post Mon, 06 Jun 2011 09:21:07 -0800 Get Real Debt Help, Not Empty Promises Tips from Consumer Action, Consumers Union, Consumer Federation of America, and the National Consumer Law Center®

]]> http://www.defendyourdollars.org/2011/05/post_27.html http://www.defendyourdollars.org/2011/05/post_27.html Tips Wed, 18 May 2011 13:49:48 -0800 Reverse mortgage tips for consumers If you need cash, consider alternatives to a reverse mortgage first

]]> http://www.defendyourdollars.org/2010/12/reverse_mortgage_tips_for_cons.html http://www.defendyourdollars.org/2010/12/reverse_mortgage_tips_for_cons.html Tips Tue, 07 Dec 2010 10:55:23 -0800 Reverse mortgages can be risky & costly for seniors New report highlights concerns about the growing reverse mortgage market and the need for stronger oversight

]]> http://www.defendyourdollars.org/2010/12/reverse_mortgages_can_be_risky.html http://www.defendyourdollars.org/2010/12/reverse_mortgages_can_be_risky.html Press Release Tue, 07 Dec 2010 08:34:12 -0800 CU praises FTC rule aimed at mortgage-relief scams The rule cracks down on companies that rip off homeowners who are struggling to pay their mortgages

]]> http://www.defendyourdollars.org/2010/11/cu_praises_ftc_rule_aimed_at_m.html http://www.defendyourdollars.org/2010/11/cu_praises_ftc_rule_aimed_at_m.html Press Release Fri, 19 Nov 2010 11:12:52 -0800 Consumers Union Joins Call for Nationwide Moratorium on Home Foreclosures Lenders and servicers should be required to obtain regulatory certification of compliance

]]> http://www.defendyourdollars.org/2010/10/consumers_union_joins_call_for.html http://www.defendyourdollars.org/2010/10/consumers_union_joins_call_for.html Press Release Fri, 08 Oct 2010 10:48:06 -0800 Nationwide Moratorium on Home Foreclosures Needed A nationwide moratorium on home foreclosures is needed in light of recent revelations that some lenders failed to comply with laws requiring proper documentation governing foreclosures.

]]> http://www.defendyourdollars.org/2010/10/nationwide_moratorium_on_home.html http://www.defendyourdollars.org/2010/10/nationwide_moratorium_on_home.html Blog Post Fri, 08 Oct 2010 10:37:00 -0800 How to protect against another Mortgage Meltdown? Require Skin in the Game By Norma Garcia:The SEC has proposed requiring the sponsors of asset backed securities to keep some “skin in the game” or in other words, retain some of the risk on mortgages that are pooled together and sold as securities to investors.

]]> http://www.defendyourdollars.org/2010/08/how_to_protect_against_another.html http://www.defendyourdollars.org/2010/08/how_to_protect_against_another.html Blog Post Mon, 09 Aug 2010 10:20:15 -0800 CU comment on SEC’s proposed rules re: asset-backed securities Consumers Union comments on SEC File Number 27-08-10

]]> http://www.defendyourdollars.org/2010/08/cu_comment_on_secs_proposed_ru.html http://www.defendyourdollars.org/2010/08/cu_comment_on_secs_proposed_ru.html Legislation Mon, 09 Aug 2010 10:08:21 -0800 Errors in Foreclosures By Norma Garcia
New California survey finds increasing evidence of banks foreclosing in error

]]> http://www.defendyourdollars.org/2010/07/errors_in_foreclosures.html http://www.defendyourdollars.org/2010/07/errors_in_foreclosures.html Blog Post Fri, 23 Jul 2010 12:09:02 -0800 What’s in the Mortgage Provisions of the Reform Bill One of the major areas of concern driving legislative reform of the financial services industry is mortgage lending.

]]> http://www.defendyourdollars.org/2010/06/wall_street_reformwhats_in_the.html http://www.defendyourdollars.org/2010/06/wall_street_reformwhats_in_the.html Blog Post Mon, 21 Jun 2010 16:05:25 -0800 Senate debate on financial reform heats up Now that the Senate floor debate on financial reform has started in earnest, supporters are ofering a number of amendments to strengthen the bill so that it better protects consumers from unsafe financial products and creates new rules to stop banks from getting so big that they could threaten the financial system.

]]> http://www.defendyourdollars.org/2010/05/senate_debate_on_financial_ref.html http://www.defendyourdollars.org/2010/05/senate_debate_on_financial_ref.html Blog Post Wed, 05 May 2010 11:50:48 -0800