National Consumer Protection Week, 2010, 10991-10992 [2010-5291]

Download as PDF 10991 Presidential Documents Federal Register Vol. 75, No. 46 Wednesday, March 10, 2010 Title 3— Proclamation 8482 of March 5, 2010 The President National Consumer Protection Week, 2010 By the President of the United States of America A Proclamation Every day, American consumers decide how and where to spend their money. Their decisions have far-reaching effects for both their financial well-being and our Nation’s economic stability. National Consumer Protection Week (NCPW) gives all Americans an opportunity to become better-informed consumers. This year, NCPW focuses on the importance of being a careful consumer at every stage of life, from grade school to retirement. To help our children grow into financially responsible adults and avoid frauds and scams, we must help them understand the marketplace. Parents and educators can play a role by teaching them about advertising and marketing, smart financial practices, and keeping personal information safe and secure. My Administration is committed to protecting American consumers. Last month, major reforms went into effect with the Credit Card Accountability, Responsibility, and Disclosure Act of 2009. This landmark legislation reins in deceptive tactics that unfairly penalize responsible consumers with unreasonable costs. However, consumers must also learn to avoid predatory practices and manage their financial resources more effectively. That is why I established the President’s Advisory Council on Financial Capability, which is looking for new ways to help individuals make informed financial decisions. Still, our Government must do more to stand up for consumers. From excessive bank account overdraft fees to abusive mortgage lending practices, our broken financial system produces profits at the expense of American families. I support the creation of an independent Consumer Financial Protection Agency to safeguard ordinary Americans as they navigate the financial marketplace. erowe on DSK5CLS3C1PROD with MISCELLANEOUS Giving Americans of all ages the resources they need to make wise buying decisions is the responsibility of Federal, State, and local consumer protection agencies, private sector organizations, and consumer advocacy groups. This week, I encourage all Americans to visit Consumer.gov/NCPW for informative and interactive resources to help them take full advantage of their consumer rights. NOW, THEREFORE, I, BARACK OBAMA, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim March 7 through March 13, 2010, as National Consumer Protection Week. I call upon government officials, industry leaders, and consumer advocates across our Nation to share information about consumer protection; and I encourage all Americans to learn more about marketing and business, whether they are shopping at their local store or in the global online marketplace. VerDate Nov<24>2008 09:37 Mar 09, 2010 Jkt 220001 PO 00000 Frm 00001 Fmt 4705 Sfmt 4790 E:\FR\FM\10MRD0.SGM 10MRD0 10992 Federal Register / Vol. 75, No. 46 / Wednesday, March 10, 2010 / Presidential Documents IN WITNESS WHEREOF, I have hereunto set my hand this fifth day of March, in the year of our Lord two thousand ten, and of the Independence of the United States of America the two hundred and thirty-fourth. [FR Doc. 2010–5291 Filed 3–9–10; 8:45 am] VerDate Nov<24>2008 09:37 Mar 09, 2010 Jkt 220001 PO 00000 Frm 00002 Fmt 4705 Sfmt 4790 E:\FR\FM\10MRD0.SGM 10MRD0 OB#1.EPS</GPH> erowe on DSK5CLS3C1PROD with MISCELLANEOUS Billing code 3195–W0–P

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[Federal Register Volume 75, Number 46 (Wednesday, March 10, 2010)]
[Presidential Documents]
[Pages 10991-10992]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-5291]




                        Presidential Documents 



Federal Register / Vol. 75, No. 46 / Wednesday, March 10, 2010 / 
Presidential Documents

___________________________________________________________________

Title 3--
The President

[[Page 10991]]

                Proclamation 8482 of March 5, 2010

                
National Consumer Protection Week, 2010

                By the President of the United States of America

                A Proclamation

                Every day, American consumers decide how and where to 
                spend their money. Their decisions have far-reaching 
                effects for both their financial well-being and our 
                Nation's economic stability. National Consumer 
                Protection Week (NCPW) gives all Americans an 
                opportunity to become better-informed consumers.

                This year, NCPW focuses on the importance of being a 
                careful consumer at every stage of life, from grade 
                school to retirement. To help our children grow into 
                financially responsible adults and avoid frauds and 
                scams, we must help them understand the marketplace. 
                Parents and educators can play a role by teaching them 
                about advertising and marketing, smart financial 
                practices, and keeping personal information safe and 
                secure.

                My Administration is committed to protecting American 
                consumers. Last month, major reforms went into effect 
                with the Credit Card Accountability, Responsibility, 
                and Disclosure Act of 2009. This landmark legislation 
                reins in deceptive tactics that unfairly penalize 
                responsible consumers with unreasonable costs. However, 
                consumers must also learn to avoid predatory practices 
                and manage their financial resources more effectively. 
                That is why I established the President's Advisory 
                Council on Financial Capability, which is looking for 
                new ways to help individuals make informed financial 
                decisions.

                Still, our Government must do more to stand up for 
                consumers. From excessive bank account overdraft fees 
                to abusive mortgage lending practices, our broken 
                financial system produces profits at the expense of 
                American families. I support the creation of an 
                independent Consumer Financial Protection Agency to 
                safeguard ordinary Americans as they navigate the 
                financial marketplace.

                Giving Americans of all ages the resources they need to 
                make wise buying decisions is the responsibility of 
                Federal, State, and local consumer protection agencies, 
                private sector organizations, and consumer advocacy 
                groups. This week, I encourage all Americans to visit 
                Consumer.gov/NCPW for informative and interactive 
                resources to help them take full advantage of their 
                consumer rights.

                NOW, THEREFORE, I, BARACK OBAMA, President of the 
                United States of America, by virtue of the authority 
                vested in me by the Constitution and the laws of the 
                United States, do hereby proclaim March 7 through March 
                13, 2010, as National Consumer Protection Week. I call 
                upon government officials, industry leaders, and 
                consumer advocates across our Nation to share 
                information about consumer protection; and I encourage 
                all Americans to learn more about marketing and 
                business, whether they are shopping at their local 
                store or in the global online marketplace.

[[Page 10992]]

                IN WITNESS WHEREOF, I have hereunto set my hand this 
                fifth day of March, in the year of our Lord two 
                thousand ten, and of the Independence of the United 
                States of America the two hundred and thirty-fourth.
                
                
                    (Presidential Sig.)

[FR Doc. 2010-5291
Filed 3-9-10; 8:45 am]
Billing code 3195-W0-P