To submit news postings with the Tennessee Bankers Association contact:
Dianne Martin - dymartin@tnbankers.org
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Consumer Information
On Friday, the Internal Revenue Service warned about the latest version of a bogus E-mail that tells people they are under investigation by the agency's Criminal Investigation Division for submitting a false tax return to the California Franchise Tax Board. The Office of the Comptroller of the Currency warned consumers not to fall for solicitations about a so-called "Community Reinvestment Act Program" that purports to offer cash grants or equity disbursements. On Friday, the Federal Reserve issued an alert about instances of questionable solicitations directed at homeowners. The Fed has received inquiries and complaints from recipients of direct-mail solicitations that suggest there is a Community Reinvestment Act program that entitles certain homeowners to cash grants or equity disbursements. In an effort to spread lessons in financial literacy to the youth of our nation, the National Foundation for Credit Counseling (NFCC) is sponsoring the BE MONEY WISE National Poster Contest in 2007. The theme is ìPlant the Seed of Saving to Grow Your Future.î As part of the Office of Thrift Supervision's Consumer Protection Week series, yesterday the agency unveiled a brochure, "Consumer Fact Sheet: Buying, Giving, and Using Gift Cards," that gives advice on gift cards issued by financial institutions. The winter issue of FDIC Consumer News, released yesterday for National Consumer Protection Week, features practical suggestions for dealing with money matters. Yesterday, the FDIC encouraged low- and moderate-income taxpayers to take advantage of Internal Revenue Service programs and bank services that can help them save more money for future goals.
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