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.

Professional Cards: Watch out for this CARD Act loophole!
Posted by Lauren at 09/01/10 03:35 PM

Card issuers have stepped up their offers for professional cards, which are not covered by the CARD Act. Read more »

NBC's Overdraft Report- Watch It
Posted by Tim at 08/26/10 04:03 PM

NBC outlines what to watch out for in overdrafts Read more »

Back To School: Campus Financial Tips
Posted by Tim at 08/26/10 03:43 PM

Tips for Bank Accounts, Credit Cards, and Prepaid Cards for college students Read more »

DYD to Wells Fargo: "STOP"
Posted by Tim at 08/24/10 12:07 PM

We are calling on Wells Fargo to stop automatically enrolling their customers into overdraft programs they may not want. Read more »

DYD on the Rachel Maddow Show- Watch Here
Posted by Tim at 08/24/10 10:12 AM

Watch DefendYourDollars.org Gail Hillebrand talk about how the CARD Act will affect you on the Rachel Maddow Show Read more »

Consumers Get New Credit Card & Gift Card Protections on August 22
Posted by Tim at 08/19/10 02:33 PM

Consumers seeing benefits of the CARD Act Read more »

Consumers To Governorator: Sign SB 933!
Posted by Tim at 08/17/10 09:15 AM

California's Governator Needs To Sign Bill To Barr Fees From Debit Cards Read more »

Wells Fargo's unfair overdraft practices EXPOSED
Posted by Lauren at 08/11/10 05:39 PM

On Tuesday, a district court judge wrote a scathing decision which found that Wells Fargo “acted in bad faith” by clearing transactions in a way which generated more fees and revenue at the expense of depositors. Read more »

Mobile Payments Need Strong Consumer Protections
Posted by Michelle at 08/10/10 04:00 PM

Today's American Banker featured a Viewpoint article by Gail Hillebrand and Mark MacCarthy on the need for strong uniform payment protections for consumers, particularly on mobile payments. Read more »

How to protect against another Mortgage Meltdown? Require Skin in the Game
Posted by Lauren at 08/09/10 10:20 AM

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. Read more »

Good News! Finally Reigning in Debt Settlement Companies
Posted by Lauren at 08/06/10 11:41 AM

The past two weeks we’ve seen two big steps forward toward reigning in debt settlement companies. Read more »

Chalk One Up For the Good Guys
Posted by Tim at 07/28/10 02:10 PM

Your activism forced lawmakers to reform our financial system! But the fight is not over. Read more »

Errors in Foreclosures
Posted by Tim at 07/23/10 12:09 PM

By Norma Garcia New California survey finds increasing evidence of banks foreclosing in error Read more »

Bank of America Charging $8.95 for Paper Statements
Posted by Tim at 07/22/10 03:19 PM

In Georgia Bank of America is introducing a new type of bank account. One that charges $8.95 to receive paper statements. Read more »

Victory! President signs Wall St. Reform Bill Into Law
Posted by Tim at 07/21/10 10:57 AM

The President signed the Wall St. Reform bill creating the Consumer Financial Protection Bureau. We outline what they should tackle first. Read more »

What Is In The Wall St. Reform Bill For You
Posted by Tim at 07/16/10 11:29 AM

The Senate’s 60-39 vote passing a landmark bill to overhaul the rules for banks and Wall Street shows the power that consumers can have over even the most powerful and well-funded lobby groups in the country. Read more »

Senate Passes Wall St. Reform.
Posted by Tim at 07/15/10 12:00 PM

Finally. Financial Reform Bill a “Game Changer” Read more »

A bar in Seattle will buy you dinner for quitting Chase bank
Posted by Tim at 07/15/10 11:43 AM

After having enough of Chase the owner of Twilight Exit bar in Seattle is offering a free steak dinner with proof that you have dropped your Chase bank account. Read more »

The end of SS, SSI, VA checks is NOT yet a done deal!
Posted by Michelle at 07/14/10 03:44 PM

The Department of Treasury has proposed to end federal payments by check beginning March 2011 for new recipients and March 2013 for existing beneficiaries--substituting direct deposit or deposit onto prepaid cards. Read more »

Who Will the CFPB Serve?
Posted by Tim at 07/13/10 02:50 PM

At our recent Consumers Union Activist Summit we were lucky enough to meet activists from all over the country who are doing amazing work. One such person was Andrea Wieland from the group First Nations. First Nations Native American operated nonprofit that strengthens Native economies throughout the United States. Read more »

Wall Street Reform Bill Update
Posted by Tim at 07/12/10 10:32 AM

Sen Brown comes out in support of Wall St. Reform Bill- Where does your Senator stand? Read more »

As the July 1st deadline approaches, CFA warns consumers not to Opt-In to Overdraft.
Posted by Lauren at 06/29/10 01:53 PM

CFA releases a survey of Big Bank Overdraft Fees and Terms Read more »

Wall Street Bill Headed Back To Conference
Posted by Tim at 06/29/10 01:50 PM

All this talk about decades without real consumer protection and we all forgot one thing... Who is looking out for the BANKS? Luckily, someone is on the watch. Read more »

Call Your Senator Now to Pass Financial Reform
Posted by Tim at 06/29/10 10:24 AM

The financial reform bill needs 60 votes in the Senate to be sent on to the President for final signature. The Lending Industry is going to fight it till the very end. Read more »

Financial Reform Bill- Update
Posted by Tim at 06/25/10 11:52 AM

Here is an update of what is in the final version of the bill that is moving on to the House and Senate floors for final passage. Read more »