In addition to delaying the implementation of the fiduciary rule, Washington, D.C., is also rolling back regulations on payday lenders and companies that sell prepaid credit cards.
Estimated reading time: 0 minutes, 24 seconds
Financial Literacy Gaining Importance as Deregulation Grows
Deregulation could allow lenders, credit card companies and other financial institutions the freedom to engage in activities that some industry observers believe are predatory or abusive, so financial literacy is becoming increasingly important. So reports U.S. News & World Report.
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