CFPB Launches New Mortgage and Housing Assistance Website

In the early onset of the COVID-19 crisis, California Governor Newsom requested credit unions and state-chartered banks, mortgage lenders and loan servicers to provide financial relief for consumers and homeowners affected by the pandemic.  However, some homeowners and/or renters are still not seeing the relief and the current financial situation seems to have worsen. We

Open a Bank Account to Speed Receiving Your IRS Economic Impact Payments

The Federal Deposit Insurance Corporation (FDIC) has been working to develop resources that will make it easier for consumers without a bank account to find a bank that can open an account online without going into a branch: https://www.fdic.gov/coronavirus/economic-impact-payments/ If you do not have an account, many banks offer ways to open one remotely – online

Scammers Using Fear about the Coronavirus to Sell False Promises

Coronavirus scams are spreading. With requests for false charity donations and offers of vaccines, treatments, and cheap supplies, scammers are trying to take advantage of consumers’ pandemic fears. Companies are selling products with false claims they can prevent or cure the Coronavirus. By law, these companies would need evidence to back up their claims. Instead,

U.S. Department of Education Provides Information on How to Request a Forbearance during this Pandemic

As the Coronavirus pandemic continues, you can become stressed at the thought of not being able to meet your monthly household bills. While colleges and universities campuses are closed, that doesn’t stop your loan servicer from expecting your student loan payments. Federal Student loan borrowers can request temporary relief (interest-free forbearance) from monthly payments. However, a