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


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

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 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