Land a Government Job Now

From the Federal Citizen Information Center:

“President Obama’s budget projects hundreds of thousands of new job openings in government and for government contractors during his first term. How do you find and land one well suited to you?” is excerpted from a Kiplinger article by Marty Nemko who offers the interesting advice:

Especially when aiming for a government job, I reject the standard career-counselor advice to use your network to gain access to people with the power to hire you. My clients increasingly find that it’s more time-effective to search the best job Web sites regularly by keyword and zip code for on-target job openings and then craft a top-notch application for each.”

Click here to read Marty Nemko’s extremely helpful article on how to land a government job now.

FTC Alert on Federal and Postal Job Scams:

You never have to pay for information about job vacancies or employment opportunities with the U.S. government or U.S. Postal Service. But some fraudulent promoters are victimizing many Americans by selling information about federal job opportunities. These scam artists advertise in the classified sections of newspapers and offer – for a fee – to help job seekers find and apply for federal jobs. Some fraudulent companies even try to confuse consumers by using names that sound like those of federal agencies, like the “U.S. Agency for Career Advancement” or the “Postal Employment Service.”

Fraudsters may lie about the availability of federal job openings in your area. For example, the Postal Service has few vacancies for career positions, and for many of the entry-level jobs, you must take a written examination. Postal Service hiring takes place at the local level through 85 district offices. If someone tells you that postal jobs are available, check with the Postal Service to determine if hiring is taking place and if an exam is required for eligibility. The tests usually are offered every few years in any particular district because of the high volume of applicants.

Federal agencies and the U.S. Postal Service never charge application fees or guarantee that an applicant will be hired. If positions require a competitive examination – and many do not – hiring agencies typically offer free sample questions to consumers who sign up for the exam.

It’s deceptive for anyone to guarantee you a high score on the postal entrance examinations required for rural carrier associate, clerk, city carrier, mail handler, flat sorter machine operator, mail processor and markup clerk jobs. These exams test your general aptitude, something you can’t necessarily increase by studying. Attending workshops, studying exam techniques and taking practice questions won’t assure you of a top score on the exam – and even a top score doesn’t guarantee that you’ll be hired. You must meet other requirements, including passing a background check and a drug test. Some veterans receive hiring preferences.

The Federal Trade Commission (FTC) and the U.S. Office of Personnel Management urge job seekers to avoid falling for these tip-offs to federal and postal job rip-offs:

  • Classified ads or verbal sales pitches that imply an affiliation with the federal government, guarantee high test scores or jobs or state that “no experience is necessary.”
  • Ads that offer information about “hidden” or unadvertised federal jobs.
  • Ads that refer to a toll-free phone number. Often, in these cases, an operator encourages you to buy a “valuable” booklet containing job listings, practice test questions and tips for entrance exams.
  • Toll-free numbers that direct you to other pay-per-call numbers for more information. Under federal law, any solicitations for pay-per-call numbers must contain full disclosures about cost. Also, the solicitation must make clear if there is an affiliation with the federal government. You must have a chance to hang up before you incur any charges.

If you have concerns about a company’s advertisement for employment services, contact:

  • Federal Trade Commission: 1-877-FTC-HELP (382-4357) or www.ftc.gov.
  • U.S. Postal Inspection Service: Your local office is listed in the blue (Government) pages of your telephone directory.
  • Your state attorney general or your local Better Business Bureau.

Federal job information is available through the U.S. Office of Personnel Management’s USAJOBS at www.usajobs.opm.gov. Information on postal jobs is available at your local post office. In many areas, the Postal Service offers a job information hotline with current hiring announcements. Also, check the Postal Service website at www.usps.gov.

The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them. To file a complaint or to get free information on consumer issues, visit ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters consumer complaints into the Consumer Sentinel Network, a secure online database and investigative tool used by hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.


Reducing Foreclosures: No Easy Answers

Interest new paper at the Federal Reserve Bank of Atlanta website:

“This paper takes a skeptical look at a leading argument about what is causing the foreclosure crisis and what should be done to stop it. We use an economic model to focus on two key decisions: the borrower’s choice to default on a mortgage and the lender’s subsequent choice whether to renegotiate or modify the loan. The theoretical model and econometric analysis illustrate that unaffordable loans, defined as those with high mortgage payments relative to income at origination, are unlikely to be the main reason that borrowers decide to default. In addition, this paper provides theoretical results and empirical evidence supporting the hypothesis that the efficiency of foreclosure for investors is a more plausible explanation for the low number of modifications to date than contract frictions related to securitization agreements between servicers and investors. While investors might be foreclosing when it would be socially efficient to modify, there is little evidence to suggest they are acting against their own interests when they do so. An important implication of our analysis is that policies designed to reduce foreclosures should focus on ameliorating the immediate effects of job loss and other adverse life events rather than modifying loans to make them more affordable on a long-term basis.”

Click here to go to the Atlanta Federal Reserve Bank for the full details and to download and read the full report.

Agencies Propose Clarifications to Credit Card Rules

4/21/2009 Press Release:

The Federal Reserve Board, the Office of Thrift Supervision, and the National Credit Union Administration today proposed clarifications to aspects of their December 2008 final rules under the Federal Trade Commission Act (FTC Act) prohibiting certain unfair credit card practices. The Federal Reserve Board also proposed clarifications to its December 2008 final rule under the Truth in Lending Act (TILA) amending Regulation Z to improve the disclosures consumers receive in connection with credit card accounts and other revolving credit plans.

The proposals are intended to facilitate compliance with the December 2008 final rules without reducing protections for consumers. They would resolve areas of uncertainty and make technical corrections to ensure that institutions are able to come into compliance with the rules on or before the July 1, 2010 effective date. In particular, the proposals would clarify that:

  • The key protections in the final rules would continue to apply to balances on a consumer credit card account when the account is closed or acquired by a different institution or when the balances are transferred to another account issued by the same institution. For example, an institution would not be permitted to increase the rate on a credit card balance because the account has been closed.
  • Institutions and retailers may continue to offer deferred interest and similar programs, but these programs are subject to all of the protections in the final rules. For example, if a consumer makes a purchase under this type of program, the terms governing interest charges on that purchase cannot be changed through a “hair trigger” or “universal default” rate increase. In addition, institutions and retailers must comply with enhanced disclosure requirements.

The Federal Register notices are attached. Comments on the proposals must be submitted within 30 days after publication in the Federal Register, which is expected shortly.

Federal Register notice, Federal Trade Commission Act (413 KB PDF)

Federal Register notice, Regulation Z (246 KB PDF)

G-10 (A) Applications and solicitations model form (credit cards) (75 KB PDF)

G-18 (G) Periodic statement form (202 KB PDF)