The Research On Legal Issues Of Bank Consumer Protection In China

With the development of society, banking services has penetrated in all areas of society, affecting every aspect of people's lives, as the basis of people's daily life and even the normal operation of the whole society. With the deepening of financial innovation, bank launched varieties of financial products and financial services to consumers and leaded to the prosperity of banking, By contrast, a lot of bank consumers'rights have also infringed by the bank. After financial crisis, financial consumer protection issues have been unprecedented attention and also became the focus of financial legislation and financial regulation reform in the whole world. In contrast, There is apparent defects of the current bank consumer protection issues of China in legislation, regulatory, banking self-discipline, remedy system. To cause bank consumers'rights have been violated by the bank frequently. In view of their own power and information asymmetry, the majority of victims no choice but to chose to keep silent. Bank consumer protection has played important role in banking healthy development and financial stability, Therefore, accelerating the construction of China bank consumer protection system is imperative.This paper used comparative analysis and empirical analysis. it raises proposal to perfect our bank consumer protection system through learning experience from international practice and domestic issues analysis. the first chapter In order to define the bank consumer, combined with asymmetric information theory, equity theory and social responsibility theory,analyzed the theoretical foundation that bank consumer should be protected by law. The second chapter specific analyzed China bank consumer'right protection status. The third chapter introduced the bank consumer protection system of Britain and the United States from the normative and regulatory levels, proposed some experience what deserved China bank consumer protection system to learn. The fourth chapter proposed the improving suggestion on China banking consumer rights protection system. Hope to build a system combined legislation protection, banking supervison, banking self-discipline, judicial remedy. To strengthen the protection of consumer core rights, such as right to know, privacy, fair trading right and so on,to correct weak position of bank consumers in the process of financial transactions.