In that regard, the Federal Reserve has proposed new rules to strengthen regulatory oversight and to protect consumers in the future, and we continue to assess this episode to determine what more can be done to help homebuyers and homeowners. Of course, one of the most effective ways to help consumers is to empower them with information.
And this gets to our first case for economic and financial literacy: Improving consumers' economic decision making will enhance the effectiveness of new rules and regulations. And while we at the Federal Reserve are charged with regulatory duties, we certainly see the value of education and the positive impact it can have on the broader economy.