Tag: consumer
National Association Of Federal Credit Unions (NAFCU)
What is the NAFCU and what does it do
The National Association of Federal Credit Unions is a trade association that represents the interests of...
Official Staff Commentary
What is 'Official Staff Commentary' Commentary published by the Federal Reserve. Official staff commentaries are laid out in a question-and-answer format. They...
Ombudsman
What is 'Ombudsman' An official who investigates complaints (usually lodged by private citizens) against businesses, financial institutions and/or the government. An ombudsman...
Office Of The Comptroller Of The Currency (OCC)
What is 'Office Of The Comptroller Of The Currency - OCC' A U.S. federal agency that serves to charter, regulate and supervise...
Main Home
What is 'Main Home' A term used by the Internal Revenue Service (IRS) to define the home a taxpayer has lived in...
Mandatory Mortgage Lock
Home Ownership by Country Mandatory Mortgage Lock What is 'Mandatory Mortgage Lock' The sale of a mortgage in the secondary mortgage market...
Macromarketing
What is Macromarketing
Macromarketing is a term coined by marketing professor Philip Kotler that refers to the study of marketing decisions and activities that affect...
Manufactured Housing (MH)
What is 'Manufactured Housing - MH' A housing unit constructed primarily off-site prior to being moved to a piece of property where...
Annual Percentage Rate
DefinitionThe term annual percentage rate of charge, corresponding sometimes to a nominal APR and sometimes to an effective APR, is the interest rate for...
Ability To Repay
What is 'Ability To Repay' An individual's financial capacity to make good on a debt. Specifically, the phrase "ability to repay" was...