Protecting Consumers: Regulation is not Enough

By Annamaria Lusardi
23 June 2009 @ 03:55 pm EDT

This week, the Obama administration laid out a financial reform plan that included the creation of a Consumer Financial Protection Agency. This and the Credit CARD Act of 2009, which was passed in Congress last month, are important steps toward improving consumer protection in the marketplace—but without a renewed focus on promoting financial literacy and financial education programs, these initiatives will fall flat.

International Business Times

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