Mass Consumer Affairs Blog

The Official Blog of the Massachusetts Office of Consumer Affairs and Business Regulation

Category Archives: Personal Finance

Massachusetts Banks and Credit Unions Deliver on Paycheck Protection Program (PPP) Promise Posted on Jun 18

Massachusetts Banks and Credit Unions Deliver on Paycheck Protection Program (PPP) Promise

  Intended as a lifeline to all Americans amidst the pandemic crisis facing our nation and the world, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress with overwhelming, bipartisan support and signed into law by the president on March 27th,   …Continue Reading Massachusetts Banks and Credit Unions Deliver on Paycheck Protection Program (PPP) Promise

Show Me the Money Posted on May 7

Show Me the Money

On March 25th President Donald Trump signed a $2.2 trillion coronavirus stimulus package which included an emergency universal income payment of $1,200 for most Americans who earn under $75,000 a year. The IRS will make prorated payments to those making up to $99,000 a year.   …Continue Reading Show Me the Money

Relief for the Weary: Financial Institutions Make Accommodations Amid COVID-19 Emergency Posted on Apr 28

If layoffs, furloughs, and continued economic uncertainty have you concerned about keeping afloat during the global pandemic, the financial lifeline you need may be easier to obtain than you think. Banks, credit unions, mortgage servicers, and other financial industry professionals recognize the financial impact of   …Continue Reading Relief for the Weary: Financial Institutions Make Accommodations Amid COVID-19 Emergency

Staying Connected Posted on Apr 16

Staying Connected

Communication is important in every facet of our lives in the best of times, and even more so in uncertain times like those we are facing today. As people around the world remain at home to prevent the spread of a global pandemic staying connected   …Continue Reading Staying Connected

National Consumer Protection Week 2020 Posted on Mar 2

National Consumer Protection Week 2020

Today marks the beginning of 23rd annual National Consumer Protection Week, a weeklong celebration of understanding consumer rights and making well-informed decisions about money championed by the Federal Trade Commissions’ (FTC). Educating consumers about fraud threats and other protection issues has become vital in recent   …Continue Reading National Consumer Protection Week 2020

Save On Your Cable TV Bill! Posted on Nov 5

Save On Your Cable TV Bill!

Cutting the cord has become a common phrase for consumers switching from traditional cable providers to internet and streaming television options. Traditional cable packages can cost anywhere from $50 to over $200 per month, making cable one of the higher monthly utilities in your home.   …Continue Reading Save On Your Cable TV Bill!

What You See is What You Get: Shopping Price Accuracy Posted on Mar 5

What You See is What You Get: Shopping Price Accuracy

Consumers deserve to feel confident that the price they see advertised in stores is the price they’re going to pay. That’s why the state’s Division of Standards (DOS) annually inspects retail stores to make sure their pricing is accurate. While overall inspectors find accurate pricing,   …Continue Reading What You See is What You Get: Shopping Price Accuracy

What’s your financial compatibility? Posted on Feb 27

What’s your financial compatibility?

A 2017 report conducted by investing app Acorns found that 68% of the 3,010 respondents said they’d rather tell their partner their weight than the amount of money in their savings account. But when talking about finances, it’s important to have regular talks about money,   …Continue Reading What’s your financial compatibility?

Optional Insurance Coverage: Homeowners Posted on Feb 6

Optional Insurance Coverage: Homeowners

From flood insurance to personal property endorsements, many consumers are unaware of the optional insurance coverage plans they can purchase for their home. Every home and individual homeowner need is different, but consumers can choose coverage they need to protect what makes their property unique.   …Continue Reading Optional Insurance Coverage: Homeowners

Don’t get heated over cooling-off periods Posted on Dec 27

  It is a very common misconception, and one that our Office receives many questions about, that a cooling-off period exists for any purchase a consumer makes.  A cooling-off period is a certain amount of time, usually three days, where a contract can be redacted   …Continue Reading Don’t get heated over cooling-off periods