FACTA: Financial Literacy

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FACTA: Financial Literacy

Postby Administrator » Sun Oct 02, 2005 7:55 pm

Financial Literacy

Title V of FACTA establishes a new Financial Literacy and Education Commission that is “to improve the financial literacy and education of persons in the United States through development of a national strategy to promote financial literacy and education.” Among other duties, the Commission is to help educate Americans in creating household budgets, saving for long term goals such as education and retirement, managing credit and spending, becoming aware of the significance of credit reports and credit scores and of the impact of financial decisions on their credit scores, and avoiding abusive, predatory, or deceptive credit offers and financial products. The Commission must also emphasize the financial literacy and education of consumers who may be reached through multilingual.

Return to “FCRA Statute And Amendments: 15 U.S.C. 1681, et. seq.”

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