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...
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...
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...
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...