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National Consumer Protection Week: March 3-9, 2013

March 4th, 2013

In recognition of the 15th Annual National Consumer Protection week, MEPC is adding our voice along with government agencies, advocacy organizations and private sector groups nationwide to promote consumer financial education.

This week, the Policy Matters blog will feature information on the unbanked and underbanked in Mississippi, sub-prime lending, and ways that Mississippi’s working families can protect and build assets.

Today on Policy MattersScorecard: Subprime Credit in Mississippi
Accordingly, the Corporation for Enterprise Development’s (CFED) 2013 Assets & Opportunity Scorecard found that Mississippi has the highest percentage of consumers with subprime credit, making it the least “credit-worthy” state in the nation.

For more information on Annual National Consumer Protection week:
Go to www.ncpw.gov, for free educational resources and blogs from national consumer protection experts.

White House Issues Proclamation for National Consumer Protection Week

The White House issued the following proclamation in recognition of National Consumer Protection Week:

Over 4 years ago, widespread abuses in America’s financial system nearly brought our economy to its knees. Millions saw their life savings erode, businesses shuttered their doors, and families were devastated by job loss and foreclosure. This crisis cast a harsh light on the breakdown in oversight that led to an epidemic of irresponsibility, and it highlighted the need for common-sense regulations to protect the vast majority of Americans from the reckless actions of a few. During National Consumer Protection Week, we remember those lessons, and we recognize that our shared prosperity depends on empowering all Americans to make sound decisions for themselves and their families. Read more

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