May is Older Americans Month Financial caregivers are people who manage money for a loved one who may need help because of health problems or memory issues. If you don’t have a financial caregiver lined up, it helps to plan ahead in case you need help in the future. Understanding your options will allow you…
Category: Consumer Financial Protection Bureau
Did you get your CARES (coronavirus) payment? If not act now!
The IRS has extended the deadline for individuals to claim their Economic Impact Payment (EIP). The IRS’s Non-Filers tool will be available through November 21, 2020. While most people who regularly file a tax return or receive federally administered assistance, like social security, were automatically sent their EIP, several million people have not yet…
Consumer Financial Protection Bureau head more interested in helping corporations than protecting consumers
“Kathy Kraninger gave her first speech as director of the Consumer Financial Protection Bureau (CFPB) at the Bipartisan Policy Center in Washington, D.C., in April. We were alarmed to hear Kraninger voice an overall vision for the CFPB that appeared antithetical to its core function of “enforcing federal consumer financial laws.” Kraninger stated that she…
Got credit card complaints? Call your card issuer!
“The Consumer Financial Protection Bureau received more than 26,000 complaints regarding credit cards last year, with billing the most common reason. But intense competition in the industry means credit card companies can be responsive if cardholders call.” Read : Here’s proof that disputing your credit-card bill could be worth it http://www.marketwatch.com/story/heres-proof-that-disputing-your-credit-card-bill-could-be-worth-it-2017-04-13The CFPB is the consumer’s…
Reverse Mortgage Lenders Fined for Deceptive Advertising
“American Advisors Group, Reverse Mortgage Solutions and Aegean Financial are the latest names to face the wrath of the Consumer Financial Protection Bureau due to deceptive advertisements in reverse mortgage lending. Collectively, the bureau ordered the three reverse mortgage lenders to pay a civil penalty of $790,000.”A reverse mortgage allows homeowners 62 and older to…
TOOLS FOR FINANCIAL CAREGIVERS
Millions of Americans are managing money or property for a loved one who is unable to pay bills or make financial decisions. This can be very overwhelming. But, it’s also a great opportunity to help a loved one and protect them from scams and fraud. The CPBP Office for Older Americans has resources for financial…