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Consumer spending is responsible for more than two-thirds of U.S. economic output.

Fair, equitable, and affordable financial products and services are essential to helping people and communities build and maintain wealth.

Federal, state, and local consumer protection agencies all have a role in safeguarding consumers against fraud, deception, and unfair practices.

To save and invest, individuals need access to the banking system and credit.

Banks are granted charters to help meet the needs and convenience of the communities where they are located, including low- and moderate-income neighborhoods.

Credit cards are a fixture of U.S. economic life.

In 2020, Americans owed $1.5 trillion in outstanding student loan debt, second only to mortgage debt.

The Consumer Financial Protection Bureau (CFPB) enforces most federal laws that protect consumers when they apply for and obtain credit.

According to a 2020 survey by the National Foundation for Credit Counseling, 69 percent of Americans struggle to minimize their debt.

Financial capability is the ability to make informed decisions about the use and management of money.