FDIC Consumer Newsletter Highlights New Rules and Tips for Mortgage Borrowers

Other topics include information about being turned down for a checking account and using social media to connect with your bank

For anyone thinking about buying a home or shopping for a mortgage, the Fall 2013 issue of FDIC Consumer News features an overview of important rules taking effect soon that are intended to protect consumers from risky loans. The coverage includes practical tips when shopping for a loan and for avoiding mortgage scams. Additional articles offer suggestions on options to consider if an institution turns you down for an account based on a report of a previously closed checking or savings account, as well as information on using a financial institution’s social media site to communicate or conduct business with a bank. This issue also marks the 20^th anniversary of the FDIC newsletter.

The latest issue can be read or printed online at www.fdic.gov/consumers/consumer/news/cnfall13. 

The FDIC encourages financial institutions, government agencies, consumer organizations, educators, the media and anyone else to help make the tips and information in FDIC Consumer News widely available. The publication may be reprinted in whole or in part without advance permission. Organizations also may link to or mention the FDIC Web site. See the Web site above for more details.

The goal of FDIC Consumer News is to deliver timely, reliable and innovative tips and information about financial matters, free of charge. Current and past issues are online at www.fdic.gov/consumernews. 

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