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Latest FDIC Consumer News Features Faster Ways to Pay and Bank Using High-Tech Cards and Phones
Fair and Accurate Credit Transactions Act (FACTA)
Gramm-Leach-Bliley Act (GLBA)Federal Deposit Insurance Corporation (FDIC)General Information
New technologies are constantly adding speed, convenience and flexibility to practically everything we do -- including how we bank and pay for goods and services. The latest FDIC Consumer News (Spring 2007), published by the Federal Deposit Insurance Corporation, features a look at some revolutionary new ways to conduct daily financial transactions using high-tech cards and cell phones, along with tips for choosing and using these services. Also in this issue: advice for adjustable-rate mortgage (ARM) borrowers that may help them avoid losing their home if they are unable to make monthly payments when the interest rate goes up, and tips for avoiding inappropriate or fraudulent investments.
Speed Banking and Paying: The newsletter focuses on three new forms of technology that can make paying and banking faster and easier -- cards with a pre-loaded value, such as gift cards for purchases at stores and pre-paid debit cards for use at businesses as
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