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August 24, 2010
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Wisconsin Consumer Protection News

 

Federal Reserve Alerted The Public To Instances Of Questionable Solicitations Directed At Homeowners

The Federal Reserve has received inquiries and complaints from recipients of direct mail solicitations that suggest there is a "Community Reinvestment Act (CRA) program" that entitles certain homeowners to cash grants or equity disbursements. Some of these solicitations may be read to indicate that the Federal Reserve endorses or supports the offers they contain. These solicitations appear to be a deceptive effort to encourage consumers to apply for a mortgage loan secured by the consumer's home. The Federal Reserve cautions the public about loan solicitations or other offers from lenders or mortgage brokers that offer consumers cash grants or equity disbursements as part of a "CRA Program." No such federal programs exist and these programs are not required by the CRA.

The Community Reinvestment Act is a federal law that was enacted in 1977. It encourages depository institutions to help meet the credit needs of their communities, including low- and moderate-income neighborhoods, in ways that are consistent with safe and sound banking operations. The CRA does not entitle individuals to any grants or loans. Read more at federalreserve.gov

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Did You Know?    
 
 
Warranties and guarantees are a manufacturer’s or seller’s promise to stand behind its product or service.


 


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Latest news about Consumer Protection cases in Wisconsin and nationwide:

Attorney General Stumbo Announces Settlements with Mason Brothers Audubon Chapel
Attorney General Greg Stumbo announced today that his Office of Consumer Protection has settled its lawsuits against Mason Brothers Audubon Chapel ...
Read more >


Content Industries and Sharman Networks Settle All Global Litigation
SYDNEY – Sharman Networks Ltd. announced today that an historic turning point has been reached for both technology and content industries...

...

Read more >


Department of Consumer Affairs Director Introduces New Safety Recommendations for Pedicures
SACRAMENTO -- Department of Consumer Affairs (DCA) Director Charlene Zettel today unveiled a list of recommendations aimed at ensuring that Califor...
Read more >


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Consumer Protection Lawyers.com Terms

 


Today's Terms

Collateral

Definition:
Property, such as stocks, bonds or a car, offered to support a loan and subject to seizure if you default.

Closed-End Lease

Definition:
A lease in which you are not responsible for the difference if the actual value of the item at the scheduled end of the lease is less than the residual value, but you may be responsible for excess wear-and-use charges and for other lease requirements.

Investment Scams

Definition:
Steer clear of “offshore investments.” These are often promoted as a way to avoid taxes. Actually, you are still liable for taxes, and the investments themselves are usually very risky

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Consumer Resources

 


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Consumer Hot Topics

 
Topics Related to Consumer Protection:

  • Automobile Repair
  • Buying a Car
  • Buying a Hearing Aid
  • Buying or Selling a Home
  • Cable Television
  • Charitable Giving

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Wisconsin Consumer-Protection Attorney

 
If you live in the following cities and need an Consumer-Protection attorney you should contact our Consumer-Protection Attorney as soon as possible:

  • Appleton
  • Beloit
  • Burlington
  • Chippewa Falls
  • De Pere
  • Eau Claire
  • Fond Du Lac
  • Franklin
  • Green Bay
  • Janesville
  • Kenosha
  • La Crosse
  • Madison
  • Manitowoc
  • Marshfield
  • Menomonee Falls
  • Milwaukee
  • Neenah
  • New Berlin
  • Oak Creek
  • Oconomowoc
  • Oshkosh
  • Racine
  • Sheboygan
  • Stevens Point
  • Sun Prairie
  • Superior
  • Waukesha
  • Wausau
  • West Bend
  • Wisconsin Rapids


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