A Good Night’s Sleep

For consumers who have wondered about the health of their banking institution, if their deposits are fully protected, or what happens if a bank fails, the Summer edition of FDIC Consumer News includes “How to ‘Get a Good Night's Sleep’ with FDIC Insurance: Answers to Common Questions.” Other articles include: “Tips for Trying to Fix a Clogged or ‘Frozen’ Home Equity Line,” “Dialing for (Your) Dollars: Beware of Phone and Fax Fraud,” and “‘Green’ Banking: Savings the Environment as You Save and Borrow Money.”

Regional Coalitions

The FDIC has issued a Financial Institution Letter providing FDIC-supervised institutions with a brochure that describes the benefits of establishing public-private partnerships. Regional Coalitions: Public-Private Partnerships for the Financial Services Sector was issued jointly by the Financial and Banking Information Infrastructure Committee (FBIIC) and the Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security (FSSCC). Regional coalitions are voluntary organizations formed to facilitate the recovery of the financial services sector following a natural or man-made disaster.

Foreclosure Resource Center

The Federal Reserve Bank of Chicago has launched an online Foreclosure Resource Center providing information for homeowners, prospective homebuyers, and community groups to help prevent foreclosures and lessen their negative influence on neighborhoods. Each Federal Reserve Bank will establish a similar center and tailor its resources to meet regional needs. Charles Evans, Chicago FRB president, said the Fed’s recent regulatory changes “will go far in protecting consumers from unfair practices, as well as restoring confidence in our mortgage system. But consumers need more than rules. They also need information and trusted sources….”