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Municipal Financial Empowerment: A Supervitamin for Public Programs. Strategy #4: Targeting Consumer Financial Protection Powers.
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Consumer protections safeguard all consumers from predatory practices and enable honest businesses to thrive by ensuring a fair and vibrant marketplace. More than just a regulatory tool, consumer protections—for example, protections against abuse by debt collectors, deceptive advertising by used car dealers, or improper service by process servers—are the backbone of an effective financial empowerment strategy for individuals and families with low incomes.
Author: NYC Office of Financial Empowerment
Topic: Consumer protection
Publisher: NYC Department of Consumer Affairs
Location: United States
Format: Report
Content Type: Research
Publication Date: August 31, 2013