The Theory Of Financial Legal Protection Of Consumers

With the rapid development of financial markets, people is moreand more familiar to the financial products and the service whichprovided by financial institutions and the financial consumption isbecoming the part of our life. However, faced with the complex andprofessional financial markets, consumers are always in a weakposition in comparison with financial institutions for the lacking ofenough financial knowledge and information. Therefore, theprotection of the financial consumer is not only corresponding to thereality, but also reflecting the justice and fairness of the society.On the domestic situation, the legislation and regulations whichrefer to the protection of the financial consumer are lagging behind,moreover, the quality of the financial personnel is uneven and thesetting of the relevant organization is vacant, which result in themassive infringement of financial consumers in practice. But whenwe turn to the financial developed countries, such as England andAmerica, it either in legislation or the setting of instituting isextremely pays attention to the protection of finance consumers.Therefore, in the trend of financial integrated management, it isnecessary for us to compare and refer the experience of the financedeveloped countries.This article consists of introduction, body and conclusion. Thebody is divided into three chapters. Chapter1focuses on theconception of the financial consumers, which utilize the comparativeanalysis method to clarify its definition and scope. Chapter2mainly refers to the financial protection system in British and America,introducing the characteristics of the protection system, such as theFinancial Ombudsman Services in British and the legislation offinancial privacy in America. Chapter3demonstrates the presentsituation of the financial protection in China, giving a brief summaryon the legislation and realistic. Then, we will base on the nationalcondition of China, searching for the way which suits our conditionsto enhance the protection of the rights of financial consumers.