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Better Business Bureau Advice: Avoid Payday Loans
CHICAGO , IL – February 2, 2012 – Distressed consumers, worried about paying bills or buying food for their families, are turning to payday loans for fast cash. While many borrowers believe they can pay off the loans quickly, the Better Business Bureau serving Chicago and northern Illinois (BBB) warns payday loans may have long-lasting and devastating effects.
Agencies issue guidance on junior lien loan loss allowances
Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency For immediate release January 31, 2012 Four federal financial regulatory agencies on Tuesday issued supervisory guidance on allowance for loan and lease losses (ALLL) estimation practices associated with loans and lines of credit secured by junior liens on one- to four-family residential properties. The agencies issued the guidance to reiterate policy and to remind regulated financial institutions to monitor all credit quality indicators relevant to credit portfolios, including junior liens.
Better Business Bureau Warns: This Valentine’s Day Express Yourself with Care- Complaints Against Florists Up 47%
CHICAGO, IL – January 31, 2012 – Valentine’s Day means big bucks for florists. It is a bigger holiday than Mothers Day, Easter, and Christmas; making it their busiest day of the year.
Federal Reserve Board issues enforcement actions with Bank of Bartlett and Capitol City Bancshares, Inc.
Release Date: January 31, 2012 For immediate release The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Bank of Bartlett (PDF) , Bartlett, Tennessee Prompt Corrective Action Directive dated January 30, 2012 Capitol City Bancshares, Inc. (PDF) , Atlanta, Georgia Written Agreement dated January 25, 2012 Search of Federal Reserve enforcement actions.
The Better Business Bureau Advises: Lose Weight Not Money
CHICAGO, IL – January 26, 2012- Each New Year millions of people crowd into gyms armed with willpower and personal goals toward healthier, more active lifestyles. While it’s exciting to gear up towards a goal, it’s also important to treat this decision like any other major purchase.
Federal Reserve Chairman to deliver lecture series to college students
Release Date: January 26, 2012 For immediate release The Federal Reserve Board announced on Thursday that Chairman Ben S. Bernanke will deliver a series of lectures aimed at college students.
Federal Reserve Board and Federal Open Market Committee release economic projections from the January 24-25 FOMC meeting
Release Date: January 25, 2012 For release at 2:00 p.m. EST The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached table and charts summarizing the economic projections and the target federal funds rate projections made by Federal Reserve Board members and Federal Reserve Bank presidents for the January 24-25 meeting of the Committee.
Federal Reserve issues FOMC statement of longer-run goals and policy strategy
Release Date: January 25, 2012 For release at 2:00 p.m. EST Following careful deliberations at its recent meetings, the Federal Open Market Committee (FOMC) has reached broad agreement on the following principles regarding its longer-run goals and monetary policy strategy. The Committee intends to reaffirm these principles and to make adjustments as appropriate at its annual organizational meeting each January.
Federal Reserve issues FOMC statement
Release Date: January 25, 2012 For immediate release Information received since the Federal Open Market Committee met in December suggests that the economy has been expanding moderately, notwithstanding some slowing in global growth. While indicators point to some further improvement in overall labor market conditions, the unemployment rate remains elevated.
Educated Consumers Result in Fewer Complaints Says the Better Business Bureau
CHICAGO, IL-January 24, 2012 – Inquiries for Business Reviews to the Better Business Bureau serving Chicago and northern Illinois (BBB) jumped by over 16-percent in 2011, a sign consumers are taking the initiative to investigate companies before doing business with them. “We are very pleased the BBB has become a greater resource for consumers who are following our advice to check out free BBB Business Reviews before signing a contract or making a purchase,” says Steve J.
