Buyer Beware: Tips from the FDIC on How to Protect Against Foreclosure Frauds, Easy Money Schemes and Other Costly Deals
Other topics in the latest FDIC Consumer News include the extension of $250,000 deposit insurance, more about mortgage modification programs, and shopping for a CD
Many people concerned about their mortgage, their job or their finances may be especially vulnerable to scams and other costly “fixes” for their problems. The Federal Deposit Insurance Corporation today issued a variety of tips to help consumers be on guard financially in the current economy, in areas ranging from foreclosure rescue and loan modification scams to deceptive offers of FDIC-insured certificates of deposit (CDs). The advice was published in the Spring 2009 issue of FDIC Consumer News, the agency’s quarterly newsletter for consumers, which can be read or printed online at
www.fdic.gov/consumers/consumer/news/cnspr09.
Other timely articles describe the extension of the temporary federal deposit insurance limit of $250,000 per depositor through December 31, 2013, more details about the Obama Administration’s program for lowering monthly mortgage payments through refinancing opportunities and loan modifications; various tips on shopping for a CD; and an FDIC legal opinion clarifying the deposit insurance coverage of a pre-paid card if the bank holding the money for the card fails.
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- OJOS11
- Articles and news of general interest about investing, saving, personal finance, retirement, insurance, saving on taxes, college funding, financial literacy, estate planning, consumer education, long term care, financial services, help for seniors and business owners.
READING LIST
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2009
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May
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- Investing in the Smart Grid - Utilities (marketwatch)
- Free Financial Help ( PC Magazine's Recommended W...
- FDIC Warns on Foreclosure Scams, Extends Extra Pro...
- GM Reaches a Deal with Largest Bondholders (NY Times)
- GM bondholders unite (Bloomberg)
- Closed End Funds - Municipal Bonds (the Street,com)
- Website for GM Bondholders
- Economic Stimulus Plan Jobs - Where to Look (Kipli...
- GM Bondholders Hanging Tight - NY Times Dealbook
- Slow & Steady Starting to Look Good - Municipal Bo...
- Main Street GM Bondholders (from theStreet.com)
- Why You Need Bonds in Your Mix (from dshort)
- Financial Times: GM Bondholders to Obama: We Are M...
- Bank of America, Merrill Preferreds Downgrade (Dow...
- Starting a Business? Incorporate For Free
- The Bailout Banks - How are They Doing (Barrons)
- Renewable Energy, Clean Technology: Water, Solar, ...
- Highest Yield (from Kiplinger Magazine)
- GM Restructuring Plan: More on Monday (Marketwatch)
- Beware of Hot Tips , Penny Stocks (N Y Times)
- GM financials point toward Bankruptcy (Bloomberg N...
- Work from Home that's Not a Scam (WSJ)
- Mini-Links let you track your followers (New York ...
- GM Bondholders Group loses Loomis Sayles (Bloomberg)
- GM stock wipeout (Reuters)
- Wind Power Companies (Wall St Journal)
- Your Retirement Paycheck: Model Portfolios from Ki...
- WSJ Deal Journal: Basis Trade ( Bond + Credit Def...
- Safeguard Your Retirement (Motley Fool) - don't b...
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May
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