Announcements

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FDIC Consumer News Fall 2014 Edition

Fall 2014 Is It Time for Your Financial Checkup? Tips That Can Help You Fine-Tune Your Money Management Taking Your Money on a Trip: Safe Travels Financially 5 Common Misconceptions About FDIC Insurance … and the Real Facts A Bank By Any Other Name May Still Be Insured: How the FDIC Can Verify an Institution’s […]

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FHA ANNOUNCES REVERSE MORTGAGE FORECLOSURE ALTERNATIVE

WASHINGTON – The Federal Housing Administration (FHA) today issued a new policy under its Home Equity Conversion Mortgage (HECM) Program giving FHA-approved lenders the option to delay calling HECMs with eligible  ‘non-borrowing spouses’ due and payable.  A delay would postpone foreclosure normally triggered by the death of the last surviving borrower.   FHA’s new guidance will […]

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Federal Report Highlights Five Years of Progress

http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2014/HUDNo_14-095 Release Date: 08/07/2014 Contact Information: Enesta Jones, Jones.enesta@epa.gov, 202-564-7873, 202-564-4355 WASHINGTON – In celebration of the fifth anniversary of the Partnership for Sustainable Communities, the U.S. Department of Housing and Urban Development (HUD), U.S. Department of Transportation (DOT), and U.S. Environmental Protection Agency (EPA) released “Five Years of Learning from Communities and Coordinating Federal […]

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FDIC and CFPB Collaborate to Develop a Spanish Language Tool

http://www.consumerfinance.gov/newsroom/fdic-and-cfpb-collaborate-to-develop-a-spanish-language-tool-for-older-adults-to-prevent-financial-exploitation The Federal Deposit Insurance Corporation (FDIC) and Consumer Financial Protection Bureau (CFPB) today launched a Spanish-language version of Money Smart for Older Adults. This free financial resource tool is designed to help aid older adults (age 62 and older) and their caregivers prevent, identify and respond to elder financial exploitation, which affects millions of […]

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CFPB Warns Consumers About Bitcoin

http://www.consumerfinance.gov/newsroom/cfpb-warns-consumers-about-bitcoin/ CFPB Now Accepting Complaints on Virtual Currency Products and Services WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) issued a consumer advisory warning consumers about the risks of virtual currencies such as Bitcoin. The CFPB advises consumers to be aware of potential issues with virtual currencies such as unclear costs, volatile exchange […]

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FDIC Consumer News Spring 2014 Edition

Consumers want to make the most of their dollars for priorities ranging from everyday expenses to a comfortable retirement, but knowing how to do that can be a challenge. That’s why the latest issue of FDIC Consumer News features questions to ask plus money-saving tips and strategies to consider when it comes to banking and borrowing. The […]

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FHA ANNOUNCES NEW GUIDANCE PROHIBITING DECEPTIVE MARKETING AND ADVERTISING PRACTICES IN REVERSE MORTGAGE PROGRAM

WASHINGTON – The Federal Housing Administration (FHA) published a Mortgagee Letter today reminding lenders participating in the agency’s Home Equity Conversion Mortgage (HECM) Program to make certain senior borrowers are fully informed of all their options when applying for reverse mortgages.  FHA’s Mortgagee Letter also reinforces the agency’s prohibition against misleading or deceptive advertising and that this prohibition extends […]

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OBAMA ADMINISTRATION RELEASES JUNE HOUSING SCORECARD

WASHINGTON– The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the June edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show progress among key indicators, including growing equity and a rebound in the sale of new and […]

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CFPG Launches Nationwide Effort to Provide Financial Education

WASHINGTON, DC – Today, the Consumer Financial Protection Bureau announced that it is partnering with national and local organizations across the country to train social services staff to provide financial education and tools to clients with low-to-moderate incomes. As part of that partnership, the CFPB unveiled a new online toolkit called Your Money, Your Goals, a comprehensive […]

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