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Federal legislation should provide a minimum level of consumer protections.
Congress should ensure that the Consumer Financial Protection Bureau
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.
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.
Policymakers should create a maximum floating interest rate to protect consumers against cost shifts on credit products.
Policymakers should provide additional protections for prepaid card users, including prohibiting overdraft or shortage fees.