Speech on Economic and Financial Inclusion by Governor Sarah Bloom Raskin

Fed Governor Sarah Bloom Raskin

Federal Reserve Governor Sarah Bloom Raskin delivered a speech about her vision of economic inclusion at yesterday’s “Rebuilding the Road to Financial Stability“. The event was co-sponsored by the New America Foundation, Congressional Savings and Ownership Caucus and the Center for Financial Security at the […]

More Information on Reverse Mortgages – FTC

A very nice, six-page printed brochure on reverse mortgages is available from the FTC.

Reverse Mortgages – Get the Facts Before Cashing in on Your Home’s Equity – March 2011

A few excerpts:

There are three types of reverse mortgages:

Single-purpose reverse mortgages – Offered by some state and local government agencies and nonprofit organizations. […]

Resources Regarding Reverse Mortgages for Seniors – HUD

Reverse Mortgages for Seniors

Reverse mortgages are becoming very popular. Reverse mortgages are a special type of home loan that lets a homeowner convert the equity in his/her home into cash. They can give older Americans greater financial security to supplement social security, meet unexpected medical expenses, make home improvements, and more.

Unfortunately, scam artists […]

Washington Times: Mickey Rooney’s greatest role

Great story in today’s Washington Times, Mickey Rooney’s greatest role, regarding his role as an advocate for elder abuse prevention.

Monday, June 27, 2011 – LifeCycles by Laurie Edwards-Tate

On March 2, 90-year-old actor Mickey Rooney testified before the Senate Special Committee on Aging in Washington D.C. He admitted that he had been a victim […]

CFPB Posts and Updates

The CFPB added several new posts to their website this past week.

Here’s a summary for anyone that missed them and a link to the entire post on the CFPB website.

1. What is a nonbank, and what makes one “larger”? – A consumer inquired about the meaning of “nonbank” and which ones are considered […]

Retirement Survey: Out of Work in America – Profiling the Unemployed and Underemployed

Out of Work in America – Profiling the Unemployed and Underemployed

The 12th annual Transamerica Retirement Survey was released this week.

From the reports Summary:

The Great Recession has witnessed high levels of unemployment. According to the Bureau of Labor Statistics, in 2010, there were nearly 15,000,000 who were unemployed representing an unemployment rate of […]

Rebuilding the Road to Financial Stability: Understanding and Addressing the Savings and Credit Needs of Lower-Income Americans

Rebuilding the Road to Financial Stability

Understanding and Addressing the Savings and Credit Needs of Lower-Income Americans

Watch live online:

Wednesday, June 29, 2011 – 9:15am – 1:00pm (EST, so for those of us on the west coast, it begins at 6:15am, or you can join the second panel discussion at 7:45am)

Keynote speaker:

Governor […]

Study Released: Lack of Retirement Planning Among Gen X

If you’re like the majority of Americans aged 29-49 – the so-called Generation X – your thoughts about your financial futures are bleak, and your retirement planning has been spotty or non-existent at best.

This was the lead sentence for a press release announcing a new retirement study.

A study released yesterday by the Siena […]

Choosing a Credit Counselor – FTC

Fiscal Fitness: Choosing a Credit Counselor

Living paycheck to paycheck? Worried about debt collectors? Can’t seem to develop a workable budget, let alone save money for retirement?

If this sounds familiar, you may want to consider the services of a credit counselor. Many credit counseling organizations are nonprofit and work with you to solve your […]

Scams Against Immigrants – NCPW 2011

Today’s National Consumer Protection Week 2011 blog discusses scams that target immigrants seeking citizenship.

Avoiding Scams Against Immigrants

Show of hands: how many of you hire a tax preparer? Sure, we can fill out those forms ourselves, but my yearly calculus is this: I’m more likely to make a mistake than my accountant, the cost […]