Should there be greater government regulation with respect to selling to vulnerable consumers?

Be sure
to support your discussion question responses with evidence from the readings or additional references.
There should be greater government regulation with respect to selling to vulnerable consumers. Protecting

consumers is an obvious objective of regulating markets , especially vulnerable

consumers, they need to be provided with appropriate protection. For example, some consumers will
not be able to access sources of information, perhaps because of physical disability
or unfamiliarity with information technology. Others may miss useful information
through being excluded from marketing. Moreover, consumer protection law and policy should
address the interests of particularly vulnerable financial consumers since they do not have many choices in satisfying
their need especially products

essential to health and well-being such as energy, food,

and health care which must be satisfied.
According to Cartwright (2015), one of the consumer protection regulations is that
manufacturer have to enclose mandatory disclosure to make fully informed choices,
consumers particularly need information on price, quality, and terms of trade. For
disclosure to be a successful tool for vulnerable consumers, manufacturer should
focus on providing the information that is of particular importance to vulnerable
consumers.
Another policy need to be set to protect vulnerable customer is facilitating litigation,
where formal action is required, consumers can simplify the obtain redress through
the courts or at least consumers can get a financial compensation for their damage.
For some vulnerable consumers, who have problem with their finance or problem
with their health which prevents them from working, there should be law on good
consuming tax to help them attain fundamental needs.

echanisms described above provide redress for consumers who are dealing with
solvent firms. The Financial Services Compensation Scheme (FSCS) provides
compensation if a financial services firm is unable, or likely to be unable, to pay
claims against it (for example because it has been declared to be in default). The
FSCS protects a range of products, namely, deposits, insurance policies, and
insurance broking; investment business, and home finance
It is possible for the State to provide or subsidize essential goods and services.
which provides budgeting loans
vulnerable consumers should be protected requires careful consideration and
judgement. how consumer law and policy may provide appropriate protection to
vulnerable consumers
Reference:

Cartwright, P. (2015). Understanding and Protecting Vulnerable Financial Consumers.

Journal Of Consumer Policy, 38(2), 119-138. doi:10.1007/s10603-014-9278-9