Thursday, December 1, 2011

Fannie and Freddie Announce Eviction Moratorium for the Holidays - Consumer News Roundup for 12/01/11

A roundup of consumer-focused articles from around the web.
  • Fannie and Freddie announce eviction moratorium for the holidays
    Fannie Mae and Freddie Mac announced that the government enterprises will suspend evictions of foreclosed single family and 2-4 unit properties from Dec. 19 through Jan. 2, 2012.
  • Cyber crime increasing
    Fraud is on the rise in the United States and globally, according to PricewaterhouseCoopers’s 2011 Global Economic Crime Survey released Tuesday, with cyber crime making the most significant increase in the two years since the firm’s last survey.
  • CFPB says it will take consumer mortgage complaints
    The Consumer Financial Protection Bureau (CFPB) Wednesday said it will soon begin accepting consumer complaints and inquiries regarding mortgage loans and, in fact, said that process could begin as soon as today.
  • NASAA: States best positioned to oversee small business capital formation
    In testimony before the Senate Banking Committee, the North American Securities Administrators Association (NASAA) today said state securities regulators are best positioned to provide an efficient regulatory framework to enable new and small businesses to raise investment capital and provide safeguards for investors.