AARP Eye Center
Search
Consumer protections should be added to government benefits payments, including those made through direct deposit and prepaid card.
Bank regulators should ensure that all banks fulfill their obligations under the Community Reinvestment Act (CRA).
Policymakers should create a maximum floating interest rate to protect consumers against cost shifts on credit products.
Disclosures should be required to be clear, accurate, and informative so that consumers can make more meaningful card purchase and payment decisions.
Consumers should receive the same federal protections for fraudulent transactions for credit cards, debit cards, and registered prepaid cards.
Policymakers should provide additional protections for prepaid card users, including prohibiting overdraft or shortage fees.
Policymakers should establish reasonable interest rate ceilings for all lenders. These rates should co
Regulators should eliminate unfair, deceptive, or abusive practices in the alternative financial services industry.
Programs that offer early wage access or pay advance benefits should be regulated as loans subject to state and federal law (see also