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Federal legislation should provide a minimum level of consumer protections. It should preserve states’ ability to provide additional protections to consumers. 

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

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.

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.

All financial aid, including grants and federal student loans, should be exhausted before a student is offered an ISA. 

Policymakers at all levels of government should expand access to homeownership opportunities to help families build wealth and lock in affordable housing payments over the long term.