Federal legislation should provide a minimum level of consumer protections.
Congress should ensure that the Consumer Financial Protection Bureau (CFPB) is a strong and independent consumer protection regulator.
State and local governments should expand and strengthen consumer protections, as well as consumer outreach and education programs.
Policymakers and financial institutions should protect consumers with diminished capacity and others who are at risk of financial exploitation.
Regulators should provide effective oversight of the financial industry and enhance consumer protection.
Laws and regulations should strengthen and enhance consumer protection.
Policymakers should protect consumers against unfair, deceptive, or abusive practices. They should also protect against anti-competitive practices.
Disclosures must be clear, accurate, and informative so that consumers can make more meaningful credit card purchase and payment decisions.
There are two main ways for governments to collect taxes. One is by taxing income directly. This is known as an income tax. The other is taxing only income that is spent.
Tax reform should focus on raising sufficient revenue. It should make the tax system more equitable and efficient.