1.7.2: Consumer Protection

Assess federal oversight of consumer protection laws and regulations for financial services and products and manufactured items

Other Information:

Key Efforts: „„Determine whether financial regulators and institutions are promoting the financial literacy of consumers and investors, including providing information on how to manage their finances, with an emphasis on preparing to meet their retirement and other goals, using credit responsibly, and assessing and understanding risks. „„Assess whether current regulatory efforts, policies, and requirements are adequate to ensure that investors and consumers are sufficiently informed of the costs and risks of traditional and innovative financial products and services. „„Assess federal financial regulators’ oversight and enforcement of consumer protection laws, such as the fair lending laws and securities investor disclosure requirements, and their efforts to detect and punish violators and deter other illegal activity. „„Assess the development and implementation of potential new regulatory structures and organizations to monitor and enforce compliance with consumer protection laws. „„Assess consumer protections related to manufactured products and CPSC’s efforts to better ensure the safety of key imported and domestically produced manufactured items.

Stakeholder(s):

• Consumers

Indicator(s):

Indicator:1

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