PRESS RELEASE
Federal Deposit Insurance Corporation Each Depositor insured to at least $250,000
August 27, 2014
Media Contact:
Name: Jay Rosenstein
Phone: (202) 898-7303
Email: jrosenstein@fdic.gov
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-70-2014
FDIC Consumer Newsletter Features Tips on Preparing Financially
for a Stressful Life Event
Other topics include deposit insurance, rebuilding credit, and
a new security feature for cards
FOR IMMEDIATE RELEASE
No one wants to think about it, but everyone needs to plan for stressful life events that
include disability or death. The latest issue of FDIC Consumer News features tips on
preparing financially for such events, plus basic strategies for helping family members
or others who are facing a personal hardship. The Summer 2014 edition also reports on
enhancements to the FDIC Web pages explaining deposit insurance, tips for
rebounding from a bad credit history, and basics to know about new credit and debit
cards that contain a computer chip for added security. Here's an overview of what is in
this issue:
Are your finances ready for a stressful life event? The newsletter discusses a
variety of precautions consumers can take, ranging from building a rainy day fund (to
help get through a difficult period without having to take out a loan or borrow from
retirement savings) to steps that will make it easier for loved ones to find important
documents and manage financial affairs in an emergency. Also included are tips for
people who may suddenly become responsible for managing someone else's money,
and what to know about scams that target the ill, the elderly or others facing a serious
personal challenge.
The FDIC enhances deposit insurance information online: Each year, millions of
consumers come to the FDIC's Web site to learn about their deposit insurance. Our
Federal Deposit Insurance Corporation Each Depositor insured to at least $250,000
August 27, 2014
Media Contact:
Name: Jay Rosenstein
Phone: (202) 898-7303
Email: jrosenstein@fdic.gov
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-70-2014
FDIC Consumer Newsletter Features Tips on Preparing Financially
for a Stressful Life Event
Other topics include deposit insurance, rebuilding credit, and
a new security feature for cards
FOR IMMEDIATE RELEASE
No one wants to think about it, but everyone needs to plan for stressful life events that
include disability or death. The latest issue of FDIC Consumer News features tips on
preparing financially for such events, plus basic strategies for helping family members
or others who are facing a personal hardship. The Summer 2014 edition also reports on
enhancements to the FDIC Web pages explaining deposit insurance, tips for
rebounding from a bad credit history, and basics to know about new credit and debit
cards that contain a computer chip for added security. Here's an overview of what is in
this issue:
Are your finances ready for a stressful life event? The newsletter discusses a
variety of precautions consumers can take, ranging from building a rainy day fund (to
help get through a difficult period without having to take out a loan or borrow from
retirement savings) to steps that will make it easier for loved ones to find important
documents and manage financial affairs in an emergency. Also included are tips for
people who may suddenly become responsible for managing someone else's money,
and what to know about scams that target the ill, the elderly or others facing a serious
personal challenge.
The FDIC enhances deposit insurance information online: Each year, millions of
consumers come to the FDIC's Web site to learn about their deposit insurance. Our
new, improved site at www.fdic.gov/deposit brings all of the agency's deposit insurance
material together in one easily accessible place. And, it offers two new videos and two
new online tools that will help depositors better understand their insurance coverage. Of
course, you can always call the FDIC at 1-877-ASK-FDIC -- that is 1-877-275-3342 -- to
get answers from a deposit insurance specialist.
Five tips to help rebound from a bad credit history: For people grappling with a
history of debt payment problems, improving their credit record may seem like a
daunting task. FDIC Consumer News offers five suggestions that can help increase the
chances of qualifying for better loan terms, lower insurance rates and perhaps even a
new job or apartment.
New credit and debit cards that contain a computer chip: Some U.S. consumers
have received a new credit or debit card from their financial institution that contains a
computer chip, while others can expect to receive one by late 2015. The microchip
makes it less likely that a payment card will be used for a fraudulent transaction in
person, such as at a store, but consumers still need to be on guard against fraudulent
purchases online, over the phone or by mail. The FDIC newsletter discusses what the
transition to chip cards means for consumers, including getting used to new payment
terminals at stores.
The goal of FDIC Consumer News is to deliver timely, reliable and innovative tips and
information about financial matters, free of charge. The Summer 2014 edition can be
read or printed at www.fdic.gov/consumers/consumer/news/cnsum14. To find current
and past issues, visit www.fdic.gov/consumernews or request paper copies by
contacting the FDIC's Public Information Center toll-free at 1-877-275-3342, by e-mail to
publicinfo@fdic.gov, or by writing to the FDIC Public Information Center, 3501 North
Fairfax Drive, Room E-1002, Arlington, VA 22226.
To receive an e-mail about each new issue of the quarterly FDIC Consumer News with
links to stories, go to www.fdic.gov/about/subscriptions/index.html.
The FDIC encourages financial institutions, government agencies, consumer
organizations, educators, the media and anyone else to help make the tips and
information in FDIC Consumer News widely available. The publication may be reprinted
in whole or in part without permission. Please credit FDIC Consumer News.
Organizations also may link to or mention the FDIC Web site.
# # #
material together in one easily accessible place. And, it offers two new videos and two
new online tools that will help depositors better understand their insurance coverage. Of
course, you can always call the FDIC at 1-877-ASK-FDIC -- that is 1-877-275-3342 -- to
get answers from a deposit insurance specialist.
Five tips to help rebound from a bad credit history: For people grappling with a
history of debt payment problems, improving their credit record may seem like a
daunting task. FDIC Consumer News offers five suggestions that can help increase the
chances of qualifying for better loan terms, lower insurance rates and perhaps even a
new job or apartment.
New credit and debit cards that contain a computer chip: Some U.S. consumers
have received a new credit or debit card from their financial institution that contains a
computer chip, while others can expect to receive one by late 2015. The microchip
makes it less likely that a payment card will be used for a fraudulent transaction in
person, such as at a store, but consumers still need to be on guard against fraudulent
purchases online, over the phone or by mail. The FDIC newsletter discusses what the
transition to chip cards means for consumers, including getting used to new payment
terminals at stores.
The goal of FDIC Consumer News is to deliver timely, reliable and innovative tips and
information about financial matters, free of charge. The Summer 2014 edition can be
read or printed at www.fdic.gov/consumers/consumer/news/cnsum14. To find current
and past issues, visit www.fdic.gov/consumernews or request paper copies by
contacting the FDIC's Public Information Center toll-free at 1-877-275-3342, by e-mail to
publicinfo@fdic.gov, or by writing to the FDIC Public Information Center, 3501 North
Fairfax Drive, Room E-1002, Arlington, VA 22226.
To receive an e-mail about each new issue of the quarterly FDIC Consumer News with
links to stories, go to www.fdic.gov/about/subscriptions/index.html.
The FDIC encourages financial institutions, government agencies, consumer
organizations, educators, the media and anyone else to help make the tips and
information in FDIC Consumer News widely available. The publication may be reprinted
in whole or in part without permission. Please credit FDIC Consumer News.
Organizations also may link to or mention the FDIC Web site.
# # #