Regulatory Considerations

Financial services firms in particular can benefit from financial education. By educating their customers, such firms can assure regulators and others that consumers are actively encouraged to use its financial products and services wisely. For their part, financially educated consumers are less likely to use unsuitable products which can cause financial harm and invite greater regulatory scrutiny and action. In some contexts financial literacy initiatives can even help banks satisfy regulatory requirements as in the case of the Community Reinvestment Act in the US. Back to Who We Serve: Private Sector