Consumer Financial Protection

摘要

Over the past 65 years, financial innovation has presented U.S. households with an ever-widening set of financial options from an expanding set of firms and accompanied by a sometimes dizzying amount of information. At the same time, consumer finance has increasingly become a "do-it-yourself" activity (Ryan, Trumbull, and Tufano, 2010). Households are expected to make decisions about pension plan contributions and payouts, to choose from a wide array of credit instruments to fund everything from home purchase to short-term cash needs, and more generally to assume a greater level of responsibility for their financial well-being.