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CUs Invited to Philadelphia Fed Foreclosure Seminar

PHILADELPHIA -- The Federal Reserve Bank of Philadelphia said Thursday it has invited credit union CEOs and their reps to a June 25 meeting of financial institution leaders to review "the latest information on foreclosure prevention loans and assistance" amidst the mounting foreclosure problem in metropolitan Philadelphia.

By Jim Rubenstein | Updated on June 05, 2008

PHILADELPHIA — The Federal Reserve Bank of Philadelphia said Thursday it has invited credit union CEOs and their reps to a June 25 meeting of financial institution leaders to review “the latest information on foreclosure prevention loans and assistance” amidst the mounting foreclosure problem in metropolitan Philadelphia.

The seminar, sponsored by the Philadelphia Fed’s Financial Education Network of Southeastern Pennsylvania and which follows a similar session in February, is expected to have representation from a host of groups including “nonprofits, houses of worship, and government agencies” all of which do financial education “or homeowner counseling.”

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