Defend Your Dollars: Share this site! We support reforms to the financial marketplace to curb bad practices by banks and lenders.


There are many different ways to pay, including gift cards, prepaid cards, or even with your mobile phone. But you don’t get the same consumer protections with each payment choice. We’re working to expose bad practices and to enact strong protections no matter how you pay.


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Blog Posts

  • Scary Scams Targeting Seniors

    Con artists, according to the FBI, target seniors because seniors are more likely to have a retirement nest egg, to own their homes, and to have excellent credit. So while anyone can be a victim of fraud, seniors are advised to be particularly vigilant about these scary scams: 1. Investment Schemes Many seniors are concerned Continue Reading

  • New Protections Are Here for Consumers Sending Money Abroad

    The long wait is over! Starting MONDAY, OCTOBER 28, consumers in the U.S. have important new rights when sending money to friends and family in other countries. The Consumer Financial Protection Bureau (CFPB) has new rules that protect consumers sending international money transfers, or “remittances,” so that they can comparison shop for the best price Continue Reading

  • Scam Watch: MoneyPak Scams Draining Consumers’ Wallets

    Update: MoneyPaks have since been discontinued, but continue to watch out for similar scams. Scammers are looking to get paid in ways that are fast, irreversible and untraceable. Therefore, they will often ask you to use a prepaid card or wire transfer. Prepaid cards load and wire transfers are like cash. Once they’re gone, they are Continue Reading

  • The Gamble of Online Gaming

    by guest blogger Lauren Zachry Have you ever “needed” to build a castle in Minecraft? Buy more vegetables for your garden in Farmville? Or level up faster in Candy Crush? You may have decided to use real dollars to buy virtual currency because you did not want to wait for your daily refill. Whether it Continue Reading

  • Best Prepaid Cards Are Versatile, Safe, Transparent & Reasonable

    A prepaid card is a plastic card that you “load” with money. Prepaid cards are available online, in stories and even from banks. Some prepaid cards can be expensive to use and not all prepaid cards have the same functionality. To help sort things out, we’ve rated prepaid cards for Value, Convenience, Safety and Fee Transparency. The overall best Continue Reading

  • Payroll Card Tips

    There has been a lot of news regarding payroll cards lately.  So, I’ve decided to provide some tips and questions for payroll cardholders: 1. Can you avoid fees? Figure out if there are ways to avoid fees for all the ways you would use a payroll card.  Visits to ATMs, buying things at stores or Continue Reading

  • Mobile Payments: The New Reality?

    by guest blogger Tara Thwin-Paljor   244.2 million people are projected to use mobile pay this year, according to Gartner, up from 200.8 million in 2012. It seems that more and more consumers see the appeal of using their phone to pay for a range of services. If you’ve been keeping up-to-date on mobile payments news, you’ll Continue Reading

  • City Of Oakland Takes A Step In Right Direction

     The City of Oakland is one of the first municipalities in the country to issue a combination identification card with a prepaid card feature and unfortunately did so without any input from consumer advocates.  As a result, the card had many anti-consumer features and was loaded with fees.  At first, the City of Oakland resisted Continue Reading

  • Oakland City ID Cards – Great Idea, Bad Fees

    In an effort to provide Oaklandites with city identification cards, officials fell short with respect to the prepaid aspect of the card.  Unfortunately, the fees associated with the card come fast and often. The SF Chronicle did a great investigative piece that cited CU’s Michelle Jun analysis. The organization, which has examined a variety of prepaid cards for several Continue Reading

  • Would You Send Money Overseas with Facebook?

    In its quest for world domination (or something like it), Facebook recently announced yet another new service – this time they are partnering with Azimo, a UK-based startup company, to provide international money transfers. Facebook users will now be able to transfer money directly to friends almost anywhere in the world via a new online Continue Reading

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