I am also proud to have included an amendment in the Dodd-Frank bill to provide clarified SEC authority for pre-sale disclosures for financial services and products.
We need to impose a standard that the industry make these full disclosures.
We as the securities regulators were greatly dismayed when we saw the opportunity to police that particular product leave our radar screens.
It is going to make a significant, positive difference for our country.
I was greatly disappointed that a harmful provision was included in the Dodd-Frank Wall Street Reform and Consumer Protection Act Conference...
But there will be, I think, some need for the Senate, Members of Congress, to keep an eye on that process.
Modifying disclosures for financial products has the potential to empower consumers and investors to make better informed decisions.
I would like to commend SSA for establishing a research program, the Financial Literacy Research Consortium (FLRC), as part of SSA's financi...
I think the two examples you gave are really important examples of the way that the legislation that you worked on, I think, will make a big...
I think that kind of disclosure, not the dumping of more information but improving consumer understanding, is an absolutely critical path fo...
I would like to ask you another question, Assistant Secretary Barr. The level of home ownership in Hawaii is one of the lowest in the Nation...