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Regulators should ensure robust consumer protections in the financial marketplace. They should provide effective oversight of the financial industry.

All depository institutions should be required to provide basic-banking services affordable to customers with low incomes. This includes low-cost basic checking or savings accounts.

Financial institutions should offer account features and services that empower financial caregivers while protecting older adults who are under their care. These include: 

Consumers should have access to credit on fair and reasonable terms.

Policymakers should establish reasonable interest rate ceilings for all lenders. These rates should correspond to prevailing Treasury Bill rates.

Credit reports and scores should be used as an underwriting tool for consumer loans. They should not be used for other purposes.

Regulators should eliminate unfair, deceptive, or abusive practices in the AFS industry. 

Programs that offer early wage access or pay advance benefits should be regulated as loans subject to state and federal law (see also

Policymakers should limit refinancing of consumer loans. They should eliminate rollovers, including taking a new loan out shortly after paying off a prior loan. 

Regulators should provide robust oversight to ensure compliance with federal, state, and local consumer protection laws.