The Development Of The Consumer Credit Legal Sistems

With the development of economic transformation of P.R.C and the transition from seller's market to buyer's market, consumer credit services soared. They also made great contribution in producing more demand and economic growth. However, further development of consumer credit services are inhibited by the immature legal system. By adopting many methodologies including comparative law, norm analysis and positive research, this article tries to make recommendations of legislation of consumer credit for the continual development of such services.This paper comprised of three parts.1) Analysis of current condition of consumer credit services in PRC, history of these services and social environment nurturing them. By describing legislation about consumer credit services, pointing out potential problems in current legal system..2) Introduction and comparison of foreign legal systems about consumer credit services, including which of the US, the Great Briton, France, Australia. Topics cover subjects, consumer protection system, social credit system, risk prevention system and legal system about consumer credit services.3) Recommendations of consumer credit law: legislating consumer credit law, developing consumer protection system in consumer credit services, making progress in social credit system and expanding risk prevention system.