Empowerment of Whom and for What? Financial Literacy Education and the New Regulation of Consumer Financial Services
Posted on:
12/26/12Financial regulators in many states recently have obtained statutory mandates to enhance consumer financial literacy. This paper investigates the development of policy pursuant to such mandates in the UK and Canada to identify how national regulators represent the role of the literate consumer in the financial market place. It finds that regulators in both countries represent financial education as empowering consumers but that each embeds in its policy an implicit normative ordering of responsible consumer behavior.
Researchers
Most Recent Research Postings
Financial Literacy and Subprime Mortgage Delinquency: Evidence from a Survey Matched to Administrative Data
Financial Literacy and Family and Consumer Sciences
Measuring Financial Literacy
Which Matters in Student Loan Default: A Review of the Research Literature
Which Student are More Likely to Experience Financial Socialization Opportunities?
The Student Loan Scandal
The Student Debt Dilemma: Debt Aversion as a Barrier to College Access
The Effect of Loans on Time on Time to Doctorate Degree: Differences by Race/Ethnicity, Field of Study, and Institutional Characteristics
Become a Member
Join financialcorps today to get access to exclusive content, networking community, and inside information to the world of financial literacy.