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Consumer Alert: Fraudulent Wire and Electronic Fund Transfers

The California Department of Real Estate (DRE) issues a consumer alert about Fraudulent Wire and Electronic Fund Transfers Criminals and scammers are posing as legitimate companies and/or professionals to convince consumers with fraudulent instructions to divert funds electronically (money wires… Continue Reading

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My Departure… Please Don’t Stop! Keep Going…

     Hello! As you may have heard, I’ll be leaving my position as director for education and outreach here at DBO, and my last day is coming up on Friday, April 13! Starting Monday, April 16, I will serve as… Continue Reading

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Top Ten Scams of 2017

Top ten scams of 2017 Bogus Internet merchandise sales continue to bedevil consumers, top complaint list. In 2017, for the fifth consecutive year, the National Consumers League’s Fraud.org received more complaints about Internet merchandise scams than any other type of… Continue Reading

CFPB Report on Student Loan Debt Highlights Challenges for Older Consumers

In May 2015, the Consumer Financial Protection Bureau launched an inquiry into student loan servicing practices. In light of the increasing number of older Americans paying back student loan debt, they asked to hear about how it’s affecting older consumers.… Continue Reading

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The Effectiveness of Pre-Purchase Homeownership Counseling and Financial Management Skills

The Effectiveness of Pre-Purchase Homeownership Counseling and Financial Management Skills Homeownership remains a cherished goal for many people. However, developments in mortgage products and drastic changes in the housing market have made the realization of becoming a homeowner more challenging.… Continue Reading

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FDIC White Paper: Assessing The Economic Inclusion Potential Of Mobile Financial Services

ASSESSING THE ECONOMIC INCLUSION POTENTIAL OF MOBILE FINANCIAL SERVICES Division of Depositor and Consumer Protection Federal Deposit Insurance Corporation Last Revised: April 23, 2014 This white paper is presented for discussion purposes and does not represent official policy views of… Continue Reading

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CFPB: Snapshot of Older Americans and Mortgage Debt

CFPB: Snapshot of Older Americans and Mortgage Debt The CFPB has been tracking the increasing levels of debt among older Americans. Today, older homeowners are carrying more mortgage debt than ever before. For many of the roughly 4.4 million retired homeowners… Continue Reading

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FRB: Five Reasons Why Asian American & Pacific Islander (AAPI) Poverty Remains Invisible

Five Reasons Why Asian American & Pacific Islander (AAPI) Poverty Remains Invisible The National Coalition for Asian Pacific American Community Development (CAPACD), Asian American Pacific Islanders in Philanthropy (AAPIP), and the Federal Reserve Bank of San Francisco hosted a briefing on… Continue Reading

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CFPB Report: Navigating the Market – A comparison of spending on financial education and financial marketing

CFPB Report Navigating the Market A comparison of spending on financial education and financial marketing Executive Summary The Consumer Financial Protection Bureau (the CFPB) looked at the information sources consumers are exposed to when they make financial decisions. Empowering consumers… Continue Reading

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CFPB Report: Empowering Low Income and Economically Vulnerable Consumers

CFPB Report: Empowering Low Income and Economically Vulnerable Consumers The low-income and economically vulnerable population includes as many as 100 million people. These consumers are diverse in culture, geography, stage of life, and financial status. Last year, the CFPB’s Office… Continue Reading