Consumer Finance refers to the everyday spending, saving, borrowing, and investing choices people make.
Consumer Financial Protection includes the laws, regulations, community education, and policy advocacy designed to ensure that the financial products and services people use are safe, transparent, and fair.
Why does Consumer Financial Protection matter?
Minnesotans depend on financial tools to achieve stability, build assets, and plan for the future. These include:
Loans: car loans, mortgages, student loans, business and personal loans
Insurance: auto, homeowners, renters, life, and health
Saving & Spending: checking and savings accounts, debit cards, credit cards
Investments: retirement accounts, cryptocurrency, stocks and bonds
Access to affordable credit, fairly priced insurance, safe investments, and protection from scams and predatory practices are essential building blocks of thriving communities.