Financial Services Industry Launches New Financial Information and Bankruptcy Resources

The resources, including several consumer outreach and education efforts focused on reaching consumers online, provide an online education campaign utilizing consumer-friendly search methodologies to ensure consumers can access U.S. Department of Justice-approved counselors, have access to online consumer education resources such as practical tips for selecting a credible credit counselor, and have the option of signing up for an e-mail subscription to a newsletter managed by the National Foundation for Credit Counseling Inc.

To date, the Web site has received an estimated 24,000 hits, with a daily average of approximately 930 visitors. "These statistics show that there are a lot of people who have questions concerning the new bankruptcy laws and how to get answers to financial questions," said Steve Bartlett, president and CEO of the Financial Services Roundtable. "This site is proving to be a valuable resource to consumers as they explore the options they have in getting their financial house in order."

The new Web site provides information on the following key areas:

• Fast facts on bankruptcy for consumers
• Debtor education programs
• Department of Justice-approved credit counselors
• Frequently asked questions regarding bankruptcy
• What to expect from a credit counselor

"Consumers are in need of quality and substantive education about credit, budgeting and financial management," said Susan C. Keating, president and CEO of the National Foundation for Credit Counseling. "This Web site will help direct consumers to resources and information that will enable them to make informed decisions about their financial future."