What is the Consumer Financial Protection Challenge?

The Consumer Financial Protection Challenge is the first open consumer challenge that asks you to look objectively beyond your bank accounts for five minutes to discover (how) whether your bank (pretends) helps, (while) hinders or hurts your ability to make smart financial choices, use credit wisely and avoid institutionalized fraud.  56/(59)

Why is the Consumer Financial Protection Challenge Important?

The Red Report - When Banks Don't Compete - The Case of The Mortgage Calculator serves as the basis for the challenge as it documents a modern day national banking and financial phenomenon banks don’t want to address or you to discover. In short, bankers know neither you nor regulators can’t stop unscrupulous banking practices          you can’t spot. 59

Is it important for you to know if your bank pretends to help you make smart financial choices, use credit wisely and avoid fraud, while actually, hindering or hurting your ability to do so ? 34 

Who can participate?

If you want answers, you are urged to participate as you can make a difference. 15 

How does the challenge work?

1. You register to participate in the challenge at www.MyFSP.org.

• Registration: Free. 

2. You answer a single survey question.

• Prerequisites: No prior study or reading required. 

3. You receive the Challenge Exam via e-mail, right after answering the survey question.

• Administration: You can ask your banker the single exam question in less than two minutes.   

 

• The Challenge Exam: The exam is designed to create a real-time moment of truth, where you decide whether or not you believe (based on your experience and/or observations)    your bank actually engaged in activities that have 1) helped, 2) hindered, or 3) hurt your ability to a) make smart financial choices, b) use credit wisely and/or c) avoid fraud.

 

•  Benefit of Participation: beyond lip service and actually engaged in activities that have 1) helped, 2) hindered, or 3) hurt your As a participant not only will you quickly discover whether or not your bank helps, hinders or hurts your ability to make smart financial choices, use credit wisely, and avoid fraud, but you’ll also have an indicator of how they've treated other customers, clients and consumers in this regard and whether they provide fair, objective, and consumer oriented financial (planning) advice.

 

 

 

 

How does the challenge work?

Registration and participation in the Challenge is free.

• Registration: You can register/sign-up here, it's fast, free and easy.
• Prerequisites: You don't have to buy or study anything to give the Challenge Exam.
• Administration: You can administer the Challenge Exam in less than two minutes.
• The Challenge Exam: The Exam is designed to create a real-time moment of truth, where you decide (based on your own experience and/or observations) whether or not you believe your bank has gone beyond lip service and actually engaged in activities that have 1) helped, 2) hindered, or 3) hurt your ability to a) make smart financial choices, b) use credit wisely and c) avoid fraud.
•  Benefit of Participation: beyond lip service and actually engaged in activities that have 1) helped, 2) hindered, or 3) hurt your As a participant not only will you quickly discover whether or not your bank helps, hinders or hurts your ability to make smart financial choices, use credit wisely, and avoid fraud, but you’ll also have an indicator of how they've treated other customers, clients and consumers in this regard and whether they provide fair, objective, and consumer oriented financial (planning) advice.

 

 

 

What is the Consumer Financial Protection Challenge?

The Consumer Financial Protection (CFP) Challenge enables you to objectively discover the answer  to a simple question, does your bank actually help, hinder or hurt your ability (and that of your family and friends) to make smart financial choices, use credit wisely, and avoid fraud? 38/45

Why is the Consumer Financial Protection Challenge Important?

You don’t have to wait on the Consumer Financial Protection Bureau.  Is itimportant for you to know whether your bank actually helps, hinders or hurts your ability to make smart financial choices, use credit wisely, and avoid institutionalized fraud?  In less than five minutes you’ll be able to tell.   You don’t have to wait on the Consumer Financial Protection Bureau.  Is itimportant for you to know whether your bank actually helps, hinders or hurts your ability to make smart financial choices, use credit wisely, and avoid institutionalized fraud?  In less than five minutes you’ll be able to tell.   Is it important for you to know whether your bank actually helps, hinders or hurts your ability to make smart financial choices, use credit wisely, and avoid institutionalized fraud?  In less than five minutes you’ll be able to tell.  39/47

How does the challenge work?

1st - You recognize what you believe by answering a single modified examination question made available to you free from the MyFSP^TM Challenge Examination Series. 

In honor of it being an election year, tax season and Black History Month, the question that follows relates to an essential need of all Americans, believing we can all agree, whether its rented or owned, mortgaged or not,  every American either wants or needs a home.

•  The Examination Question: "What is and/or has been the most favorable federal tax benefit available annually to American homeowners generally for at least the last thirty years?" 

2nd - You call, e-mail, text, tweet or visit your bank(er) and ask them the same question. What answer does your bank(er) promote?  What's in writting?* 

 * While banks reference the mortgage interest deduction (MID), it is not the most favorable federal tax benefit available annully to American homeowners.

         In contrast to the MID the most favorable tax benefit has among other things:

• Wider availability; 
• Easier qualifications;
• No requirement you mortgage your home; 
• No requirment you itemize your tax return;
• Been available to homeowners for over 30 years;
• No requirement you pay thousands of dollars in mortgage interest. 

3rd - You decide. Does you bank actually help, hinder or hurt your ability to make smart financial choices, use credit wisely, and avoid fraud? 

  Does your bank want you to discover this:

• National banking phenomenon
• Banker's Bias
• Banking regulatory failure, gap, and oversight;
• Breakdown in corporate governance;
• National breach in accountability and ethics;

The Red Report - When Banks Don't Compete - The Case of The Mortgage Calculator serves as the basis for this challenge as it documents this modern day national banking and financial planning phenomenon.

Bankers know neither you nor regulators can stop unscrupulous practices  you can’t spot.  

Learn About The Benefit Bankers Want You To Ignore  

MIFSP believes that All-Americans, including you, should have the opportunity to access honorable, objective, professional and ethical information and advisory services.  MIFSP also believes that you can be empowered to recognize whether or not your bank decieves, fools, or manipulates you and/or other consumers, customers or clients into believing something that simply isn't true about an essential housing, tax and financial matter.

MIFSP believes that the Consumer Financial Protection Challenge will enable you to realize that there is both a current and historical lack of transparency and objectivity in the banking and financial services marketplace and a real need to distinguish between banks who help, banks who hinder and banks who hurt your ability to make smart financial choices, use credit wisely and avoid institutionalized fraud and those who don't.

MIFSP believes in Consumer Financial Protection Planning, consumers not relying on either regulators, politicians, or the regulated to look out for their interest when it counts most and that concerned consumers can and will take positive steps to make smart financial choices that are in their own best interest, use credit wisely and avoid insttutionalized fraud if given the opportuinity!

In support of consumer financial literacy, action and protection, MIFSP not only makes the modified MyFSP^TM Challenge Examination Series question available to consumers for free, but it will also provide a free copy of the consumer oriented book, "The Biggest Mortgage Fraud of All" to any public library in the United States that makes an official request from now until March 5, 2012.

 

 

 

 

 

 

 

Need to bring HOPE to bank consumer financial planning.

 the correct answer, have I will provide your local library a copy of "The Biggest Mortgage Fraud of All" for free upon receipt of their written request.  

The Challenge Exam helps you recognize a very real:

• Belief you have;
• Breakdown in corporate governance;
• Regulatory failure, gap and oversight;
• National breach in accountability and ethics;
• Lack of transparency, and objectivity in the financial services marketplace, and a
•  Need to bring HOPE to bank consumer financial planning.

   

 

 

 

 

 

The Challenge Exam: The Exam is designed to create a real-time moment of truth, where you decide (based on your own experience and/or observations) whether or not you believe your bank has gone beyond lip service and actually engaged in activities that have 1) helped, 2) hindered, or 3) hurt your ability to a) make smart financial choices, b) use credit wisely and c) avoid fraud.

 

 

 

 

 and the only way a banker can lobby you is by changing to change you don’t have to wait on a government agency the Consumer Financial Protection Bureau.  

 

 

 

 

Thus, you're faced with a two part challenge. First, do you recognize a modern day banking and financial phenomenon. Secondarily,  challenge is whether or not you realize how much banks care about your best interest and your ability to look beyond your accounts and recognize and thus challenge several unscrupulous banking practices, which include exploiting among other things, your inability to distinguish financial fact from fiction, which allows them to help themselves to more profit, while simultaneously hindering or hurting your ability to make smart financial choices, use credit wisely and/or avoid institutionalized fraud.  

 

 

You don't have to wait on anyone else to take positive action to improve your own financial literacy or capability.  As part of the Challenge, you are given access to one of several decision-making tools that enables you to look beyond your accounts and recognize and thus challenge several unscrupulous banking practices, which include exploiting among other things, your inability to distinguish financial fact from fiction, which allows them to help themselves to more profit, while simultaneously hindering or hurting your ability to make smart financial choices, use credit wisely and/or avoid fraud. 

Additionally, the tool allows you to decide if it's important for you to know if at critical times, the times it counts most, whether your bank helps, hinders, or hurts your ability or the ability of others to make smart financial choices, use credit wisely and among other things, avoid fraud?

Finally, using the tool also allows you to determine if your banker has a consumer financial planning bias.

 

 

The Challenge Exam helps you recognize a very real:

• Belief you have;
• Breakdown in corporate governance; 
• Regulatory failure, gap and oversight;
• National breach in accountability and ethics;  
• Lack of transparency, and objectivity in the financial services marketplace, and a
• Need to bring HOPE to bank consumer financial planning.

Prerequisites: You don't have to buy or study anything.