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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.

Personal bankruptcy is a legal process for people who cannot pay off their debts.

Homeownership is a key to building wealth. Rates of homeownership increased during the 1990s and into the early 2000s.

The housing finance system is essential to creating a robust and competitive consumer mortgage market.

A reverse mortgage is a loan secured by the value of a home and does not require payments as long as the borrower lives in the home.

Traditional pensions largely have been replaced with 401(k)s and other retirement plans in which employees contribute to individual accounts.

Safeguards and vigilant enforcement against conflicts of interest are needed to protect investors, particularly small investors, and the financial markets.

In 2019, net assets of U.S. mutual funds totaled $21.3 trillion. Roughly 45.5 percent of all U.S. households (58.5 million) invested in mutual funds.