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The Department of Commerce and Consumer Affairs, Division of Financial Institutions (“DFI”) received a number of reports from consumers who saw an advertisement in the newspaper by Advanced Financial & Consulting Group, LLC (“Company”). The advertisement states the Company offers a guaranteed savings rate of 6.0% APY and a 5% FDIC Bank Savings Account.

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MEDIA RELEASE New rules limit the fees banks and other financial institutions can charge on some services, so it’s possible that the costs of other services, such as checking and savings accounts, could go up. The Summer 2010 issue of FDIC Consumer News, published by the Federal Deposit Insurance Corporation, features ways that careful consumers […]

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MEDIA RELEASE Online banking, bill paying and shopping are conveniences that most people want to enjoy. And most of the time, high-tech transactions are completed quickly and without a glitch. However, just as with other transactions, in a small percentage of cases something goes wrong. The Winter 2009/2010 issue of FDIC Consumer News, published by […]

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MEDIA RELEASE The Federal Deposit Insurance Corporation (FDIC) has announced it is releasing a free tool kit of information that will help borrowers, community stakeholders and the banking industry avoid unnecessary foreclosures and stop foreclosure “rescue” scams that promise false hope to consumers at risk of losing their homes. The tool kit includes critical information […]

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