 N E W S Y O U C A N U S EDISB Monitors Payday Lenders Since the Council passed legislation subjecting payday lending to the District’s 24 percent interest cap, DISB has been monitoring payday lenders’ compliance with the new law. DISB’s Presentation on Medicare Insurance staff addressed seniors on Medicare-sponsored plans at a PSA meeting mid-January. DISB’s Presentation for Homebuyers DISB delivered a presentation on homeowners’ insurance and other issues at the Manna Homebuyers meeting last November. Most Americans Stymied at Saving About 52 percent of Americans say they cannot afford to save or that they are saving inadequately, according to a survey of 2,000 adults. DISB in the Community Commissioner Thomas E. Hampton and Associate Commissioner for Banking Howard Amer meet with Asian and Pacific Islander merchants early January. Upcoming Events DISB continues to focus on consumer empowerment through information. Here is a brief listing of presentations in the coming months. Check the agency calendar for updates. UK Delegation visits DISB A small delegation from a graduate program in London visits DISB for a briefing on insurance regulation in the United States. NASAA Responds to US Supreme Court Decision The North American Securities Administrators Association recently expressed disappointment over the US Supreme Court’s ruling that closed an important avenue for investors to seek redress in the courts.DISB’s Budget Hearings Councilmember Mary Cheh will hold oversight hearings for DISB. Scams Often Follow Recent Economic Headlines, DISB Cautions DISB recently reminded investors not to allow recent negative economic news and stock market volatility to lead them into high-risk speculative investments, which may be fraudulent schemes. |