Among worrisome signs is its proposed Consumer Financial Protection Agency Act of 2009.

WSJ: The Consumer Financial Protection Agency Act Is Flawed

The good news is that in October 2012, the Consumer Financial Protection Bureau proposed changes to the CARD Act to rectify this unintended consequence of the law.

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The Consumer Financial Protection Bureau has said they will review the act and see what can be done to protect the rights of non-working spouses but many stay-at-home parents will continue to face a struggle of obtaining credit without the use of household income for the foreseeable future.

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On the issue you raised in the beginning, the President signed into law a Wall Street Reform and Consumer Protection Act, a law that puts rules of the road in place to help prevent another financial crisis -- a crisis, by the way, that cost millions of American jobs -- and this act includes the strongest consumer protections in American history.

WHITEHOUSE: Press Briefing

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 tasked the Securities and Exchange Commission (SEC) to gauge the level of financial literacy that exists in America among individual investors.

FORBES: Educating a Nation of Financial Illiterates