Tougher rules needed to protect consumers, says OECD

Financial services firms must make sure their customers understand what they are letting themselves in for when they sign up for mortgages, consumer loans and other products, under new OECD guidelines July 2009 designed to avoid a repeat of the sub-prime mortgage crisis and ensuing credit crunch that sent the world economy into recession.

• Primary Source

OECD: Financial Education http://www.oecd.org/document/59/0,3746,en_2649_33725_43277179_1_1_1_1,00.html

---