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News and Notes
The Federal Citizen Information Center draws on a variety of sources to bring you useful consumer news, tips and advice.

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Lower-income and Minority Consumers Most Likely to Prefer and Underestimate Risks of Adjustable Rate Mortgages

At a time of both rising interest rates and rising purchases of adjustable rate mortgages (ARMs), a new survey commissioned by the Consumer Federation of America (CFA) suggests that lower-income and minority consumers are particularly vulnerable to the risks of these ARMs. Read more...

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