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But many commit other consumer protection abuses.
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The Prudential Regulation Authority will monitor Britain's largest banks, while the Financial Conduct Authority will be responsible for consumer protection and market abuse.
The framework advocates the further embrace of metrics, the use of price as a proxy for quality, the relaxation of conditions of entry to the sector for private providers, and the creation of a regulatory body to ensure consumer protection from the abuse of market power.
Another top priority is for the banking industry to prohibit states from enacting strong consumer protection laws against financial abuses when federal rules do not provide consumers with enough protection.
It's no coincidence that the lack of strong consumer protections led to abuses against consumers; the lack of rules to stop deceptive lending practices led to abuses against borrowers".
Other issues Spitzer pursued while attorney general were labour rights and consumer protections against such abuses as improper billings, fraudulent advertising, and identity theft.
In April, oversight of the country's banks will be returned to the Bank of England, the central bank, while a new consumer protection agency will monitor market abuse.
The group surveyed 37 state and local consumer protection agencies, which reported debt collection abuses and mortgage issues among the fastest-growing complaints.
An effective bureau will rectify and prevent lending abuses and ensure that consumer protection is a central priority in a sound banking system.
Consumer protection: A new Consumer Financial Protection Agency would help protect ordinary Americans from the worst abuses of greedy financiers, including predatory lenders and fraudsters.
If President Obama has his way, loans at auto dealers would be put under the purview of a new federal consumer protection authority to guard against fraud and abuse.
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