Day archives: December 17th, 2009

Financial Regulators Propose Guidance on Reverse Mortgage Products

News release: “The Federal Financial Institutions Examination Council (FFIEC), on behalf of its members, released proposed guidance today on reverse mortgage products. The guidance is designed to help financial institutions ensure that their risk management and consumer protection practices adequately address the compliance and reputation risks raised by reverse mortgage lending. The proposed guidance addresses …

Subjects: Government Documents

Social Networking, Race and Ethnicity

Mercurynews.com, Facebook releases first-ever demographic look at users: “Illustrating the growing diversity of online users as the Internet matures, a study by Facebook researchers found that about 11 percent of the social network’s approximately 100 million U.S. members were African-American, about 9 percent were Latino and 6 percent were Asian, according to a post on …

Subjects: Internet