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NCUA others observe National Consumer Protection Week
WASHINGTON (3/6/12)--The 14th annual National Consumer Protection Week (NCPW) began on Sunday and continues through March 10, and the National Credit Union Administration (NCUA) and Consumer Financial Protection Bureau (CFPB) are joining several federal, state and local governmental agencies and consumer protection organizations as participants.

This year's NCPW will focus on helping consumers manage credit and debt, avoid identity theft, fight scams and fraud, understand technology and how to use it safely, and more, NCPW director David Vladeck said. The website provides resources from more than 30 federal agencies and national organizations, and contains sample letters and news releases and social media materials.

The NCUA encouraged credit union members and others to use during this week, and other times, to access financial tools and calculators, learn about home loans and car loans, or understand federal share insurance at credit unions. "Credit unions can also link their members to this valuable resource via their own websites," NCUA Chairman Debbie Matz said.

The Consumer Financial Protection Bureau noted that this is the second year that the agency has taken part in the NCPW, and that agency reported on the pro-consumer work it has completed so far, including accepting consumer complaints, launching new supervision programs, and adopting new rules to protect consumers.

The National Foundation for Credit Counseling (NFCC) has also challenged consumers this week to "add a layer of security to their financial future" by using caution when engaging with social media sites, learning about how to avoid phishing scams, and taking precautions when shopping online.The Federal Deposit Insurance Corporation has also issued its own guide to help consumers understand the differences between debit, credit and prepaid cards.

Credit unions, libraries, schools, colleges, city halls, and senior centers across the U.S. are also participating in NCPW. Check out the event page on the NCPW website to find consumer protection fairs, shredathons or workshops in your area.

Use the resource link to visit CUNA's, a consumer website launched a year ago to help consumers find a credit union they can join. In 2011, consumers saved $6.5 billion through better rates and lower fees using not-for-profit credit unions rather than banks.

For more information, use the resource links.
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