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In today’s times where nine in ten consumers are worried about committing to financial obligations there seem to be consensus that any sort of consumer/payment protection would be a good option for financial institutions to offer and for consumers to evaluate. What are the best tools that can help consumers make better decisions, be protected during hardship and still follow all the regulations to ultimately benefit the consumer to have a financially bright future?
Based on discussions with consumers, the OCC and the FDIC, the discussion will focus on the consumers’ needs and on financial institutions working with 3rd parties to provide tools and solutions to achieve better outcomes. Your input is vital to drive a better financial future.