Federal Citizen Information Center's Main Page

SITE SEARCH:
Topics
Calendar -- A listing of consumer related conferences, seminars and meetings.
Government update -- Consumer Initiatives that are currently under development in the Government
Media Promotions -- A listing of special FCIC offers that have been promoted by various popular newspapers and magazines
News and Notes -- The latest stories and news items that impact the American consumer
Gov Gab: Your U.S. Government Blog -- Check out our blog, and discover how our five bloggers use government resources to make their lives better, easier, and more fun.
Subscribe Now -- Get free e-mail alerts
What's New at FCIC?
FCIC Home Page
1-888-8 PUEBLO (1-888-878-3256)
In The News PagePress Room PageFAQ PageShop SiteLinks PageFun StuffAbout Us PageContact Us
Scams and Frauds
Here are some of the latest Scams, Frauds, and Consumer Abuse items in the news.

Cars - Computers - Education - Employment - Family - Federal Programs - Food
Health - Housing - Money - Small Business - Travel - And more...

FINRA Warns Senior Investors About Reversing Fortunes With Reverse Mortgages

The Financial Industry Regulatory Authority (FINRA) issued an Investor Alert urging homeowners over the age of 60 to carefully weigh all of their options before tapping into their home equity through reverse mortgages to obtain additional income for their retirement years. A reverse mortgage is an interest-bearing loan secured by the equity in a home and can be helpful to homeowners having trouble meeting expenses. The FINRA Alert cautions homeowners that these loans - which are being aggressively marketed as an easy, cost-free way for retirees to finance lifestyles or to pay for risky investments - can jeopardize their financial futures.

Important Notices - Site Map
This service is provided by the Federal Citizen Information Center of the U.S. General Services Administration. E-mail us your comments or questions.   gsa logo