The new guide from the Federal Reserve explains consumers’ rights and lenders’ responsibilities when home equity credit lines are reduced or frozen. It also provides information for those wanting to have a credit line reinstated. The guide is the latest in the Fed’s “5 Tips” series. The series also includes tips for shopping for a mortgage, avoiding foreclosure, protecting checking accounts, improving credit scores and getting the most from a credit card. English and Spanish versions of the series are available both in print and online at www.federalreserve.gov/consumerinfo/fivetips.htm.
Based on a conference co-sponsored by the W.E. Upjohn Institute and the Federal Reserve Bank of Chicago, this new book provides provocative assessments from various contributors of the effectiveness of policies designed to help disadvantaged people overcome obstacles in their path to upward economic mobility. To order, go to www.upjohninstitute.org.