PRESS RELEASE
Federal Deposit Insurance Corporation
December 3, 2004 Media Contact:
Jay Rosenstein (202) 898-7303
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's
banking system. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its
operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information
Center (877-275-3342 or 703-562-2200). PR-121-2004
Latest FDIC Consumer News Features Strategies for Fighting ID Theft
The Fall 2004 issue of FDIC Consumer News, published by the Federal Deposit
Insurance Corporation to offer practical guidance on financial matters, is now available
on the Web at www.fdic.gov/consumers/consumer/news/cnfall04. It features:
• Strategies and Help for Fighting ID Theft. Identity theft is becoming more
sophisticated and the number of new victims is growing. The latest issue covers
tips people can use to minimize their chances of losing money to an ID thief.
• New Consumer Rights to Their Credit Records. The federal Fair and Accurate
Credit Transactions Act gives consumers new rights to obtain free credit reports
and to access their credit scores. The FDIC newsletter explains that ensuring the
accuracy of credit histories can make a big difference the next time someone
applies for a loan, a job, an insurance policy or some other benefit.
• The Basics of Deposit Insurance for Businesses. The FDIC receives many
questions about deposit insurance from businesses and other entities (such as
homeowners associations) that want to know if all their money would be fully
protected if their bank were to fail. FDIC Consumer News clears up some
common misconceptions.
• New Financial Education from the FDIC. The FDIC has unveiled an interactive
computer-based version of the agency's award-winning Money Smart financial
education curriculum that is easy to use and is available free in English and
Spanish on CD-ROM and on the FDIC's Web site.
The goal of FDIC Consumer News is to deliver timely, reliable and innovative tips and
information, in plain English and free of charge, to help people protect and stretch their
money. Current and past issues appear online
Federal Deposit Insurance Corporation
December 3, 2004 Media Contact:
Jay Rosenstein (202) 898-7303
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's
banking system. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its
operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information
Center (877-275-3342 or 703-562-2200). PR-121-2004
Latest FDIC Consumer News Features Strategies for Fighting ID Theft
The Fall 2004 issue of FDIC Consumer News, published by the Federal Deposit
Insurance Corporation to offer practical guidance on financial matters, is now available
on the Web at www.fdic.gov/consumers/consumer/news/cnfall04. It features:
• Strategies and Help for Fighting ID Theft. Identity theft is becoming more
sophisticated and the number of new victims is growing. The latest issue covers
tips people can use to minimize their chances of losing money to an ID thief.
• New Consumer Rights to Their Credit Records. The federal Fair and Accurate
Credit Transactions Act gives consumers new rights to obtain free credit reports
and to access their credit scores. The FDIC newsletter explains that ensuring the
accuracy of credit histories can make a big difference the next time someone
applies for a loan, a job, an insurance policy or some other benefit.
• The Basics of Deposit Insurance for Businesses. The FDIC receives many
questions about deposit insurance from businesses and other entities (such as
homeowners associations) that want to know if all their money would be fully
protected if their bank were to fail. FDIC Consumer News clears up some
common misconceptions.
• New Financial Education from the FDIC. The FDIC has unveiled an interactive
computer-based version of the agency's award-winning Money Smart financial
education curriculum that is easy to use and is available free in English and
Spanish on CD-ROM and on the FDIC's Web site.
The goal of FDIC Consumer News is to deliver timely, reliable and innovative tips and
information, in plain English and free of charge, to help people protect and stretch their
money. Current and past issues appear online
at www.fdic.gov/consumers/consumer/news.
The FDIC also offers a free online delivery service that provides an e-mail notice about
each new issue posted to the Web site and provides a link to stories of interest. The
online version contains the same information as the printed FDIC Consumer News. To
subscribe, follow instructions posted on the FDIC Web site
at www.fdic.gov/about/subscriptions/index.html.
The FDIC also offers a free online delivery service that provides an e-mail notice about
each new issue posted to the Web site and provides a link to stories of interest. The
online version contains the same information as the printed FDIC Consumer News. To
subscribe, follow instructions posted on the FDIC Web site
at www.fdic.gov/about/subscriptions/index.html.