This week is National Consumer Protection Week, but the question remains: how will Americans participate?
On March 5, President Obama signed a presidential proclamation, making March 7 to 13 a week for Americans to catch-up on the latest regulations involving consumer protection. The most recent legislation aimed at increasing consumer credit protection, the C.A.R.D. Act, has been hailed as a win for consumers. According to the president, it will take more than this legislation to protect consumers from unfair practices. While signing the NCPW proclamation, Mr. Obama said in a statement, “consumers must also learn to avoid predatory practices and manage their financial resources more effectively.”
This national observance does not involve new legislation. Rather, consumer education is the sole focus. In an effort to promote this week dedicated to consumer protection, the president has recommended that Americans participate by visiting consumer.gov/NCPW.
So, to promote the spirit of a government that stands behind consumers, this week’s money saving tip is to check out the resources offered by consumer.gov.
For Parents: Games for school-aged children to learn about responsible credit.
For Businesses: Tips to avoid identity theft and fraud
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