Latest Mortgage protection News

Sale of single premium PPI is to be banned

The Competition Commission (CC) has published its final report into the Payment Protection Insurance (PPI) market. Commenting on the Competition Commission's final report into PPI, Ian Williams, director of communications at moneysupermarket.com, said: "As a product there is nothing fundamentally wrong with payment protection insurance; indeed ABI stats recently showed a 118 per cent increase in unemployment claims on PPI policies demonstratin... [more]

A typical family could easily save over £2,350 each year in its insurance bill

With simple steps, a typical family can save over £2,350 each year on its insurance fees. Insurance is a vital part of everyday finances for us all, but there is no need to pay over the odds for it. Andy Leadbetter, managing director of insurance at moneysupermarket.com, said: "While insurance is essential for financial security and peace of mind, it is important Brits only opt for a level of cover relevant to their needs, and at the best ava... [more]

Consumer protection agency for financial products presents classic drama (Knoxville News Sentinel)

One of the most contentious issues in Congress, after health care, is the proposed creation of an independent consumer protection agency for financial products such as bank accounts, credit cards, mortgages and some student and auto loans.Many Democrats and consumer groups say the Federal Reserve and other regulators were so focused on bank profits and balance sheets that they allowed the spread ...

Sorkin: So Where’s Consumer Protection? (New York Times)

The fate of the proposed consumer protection agency remains the biggest question mark in the proposed overhaul of the finance industry, The New York Times's Andrew Ross Sorkin writes in his latest DealBook column.

So Where’s Consumer Protection? (NYTimes.com via Yahoo! Finance)

Should a consumer protection agency have true independence, as many Democrats believe it should, so that it has real power to act on its own?

Keep seniors safe from scams (Chicago Sun-Times)

The elderly are among the first targets of scam artists. Illinois Attorney General Lisa Madigan is using National Consumer Protection Week this week to offer guides on how to avoid becoming a victim.• The guide, "Every Cent Counts -- for Senior Citizens," offers information about credit and debt problems, difficulty paying a mortgage and how to combat identity theft. Get it at ...

FDIC Chairman Questions Mortgage Interest Tax Deduction (Fox News)

The head of the Federal Deposit Insurance Corporation said mortgage interest is one of the problems for the nation's banking crisis.

Bill to ban state taxes on forgiven mortgage debt goes to Gov. (The Sacramento Bee)

A political showdown is on between the Legislature and governor regarding a bill to ban the state from taxing forgiven mortgage debt.

FDIC Chairman Questions Mortgage Interest Tax Deduction (MalaysiaNews.net)

WASHINGTON--Federal Deposit Insurance Corporation Chairman Sheila Bair came close to the third rail of tax policies Monday, citing the federal tax deduction for mortgage interest as one of the causes...

So Where’s Consumer Protection? (New York Times)

Should a consumer protection agency have true independence — in effect, its own street address — as many Democrats believe it should, so that it has real power to act on its own?

Get Consumed in Your Protection (NBC Miami)

Consumer Protection Week is here and the FBI doesn't won't you to forget it

Senators Are Close To Bank Reform Deal (MalaysiaNews.net)

WASHINGTON -- Legislators have "about reached an appropriate balance" on the creation of a controversial consumer protection unit for mortgage and credit card products, a key senator said Tuesday. "W...