The Research On Protecting Consumers’ Right To Obtain The Information Of Commercial Banks’ Financial Products

In recent years, with the rapid development of China’s economy, the national income is increasing. Accompanied by an increase in wealth, people has growing awareness of the awakening of finance and investment, thus commercial Bank Wealth management business has been booming. Beginning in 2004, the number of consumers of financial products is a growing several times. However, commercial banks will own all kinds of tricks of financial products to the market at the same time, financial disputes and other issues also accompanied by, for example, the obligation of commercial banks risk not completely fulfilled, misleading financial products sales, lack of supervision etc..In financial disputes, what mostly occurs is the right to know of consumer been violated by banks, which brings the crisis to the stability and healthy development of the financial market.The consumer of commercial bank financial products is distinguish with the ordinary consumers, and it has its alone particularity. Consumers of Bank financial products include both collective(corporate banking business objects), and natural properties(objects of private banking business). Referred to herein consumers of commercial bank financial products is especially natural consumer, because of their lack of professional in finance consumption process, while financial products consumers’ right to know is priority. The right to obtain information is a prerequisite for the implementation of financial products. Consumers if there is not a right to know, the other interests of consumers are insignificance. Therefore, the strengthening protection to the consumer’s right to know of financial products is inevitable. Throughout China’s current legal status of protection against consumers’ right to know of commercial bank financial products, there is still a low rank relevant legislative norms, and the regulatory mechanism is not perfect and other practical problems. Such as consumers’ right to know information is difficult to get a better protection. Based on the mentioned above, the author is analyzing the current legal situation of protecting the consumers’ right to know of financial products, and comparing the relevant extraterritorial advanced theory and practice, and put forward some recommendations to improve the relevant legal protection in this regard of our nation.This thesis has five parts.The first part of the purpose and significance of this topic, research status and research methods of this writing, ideas and innovations, etc. are described.The second part discusses the basis of the theory of consumers’ right to know of commercial bank finance products, such as concept, properties analysis reveals the risk and complexity. It also discusses the connotation, content and characteristics of consumers’ right to know of commercial bank finance products, and the key theoretical basis for protection of the commercial bank financial consumers’ right to know, then the author analyzes the theory of protecting consumers’ right to know of commercial bank finance products from the economics, law and regulation theory.The third part mainly analyzes management practices and regulations of some countries and regions in protecting consumers’ right to know of commercial bank finance products, including the United States, Britain, China, Taiwan, etc. In comparison, the United States and Britain in terms of bank regulation and financial supporting system development is perfect, this to our country in the aspect of perfecting corresponding financial mechanism provides a valuable reference.In the fourth part, comparing the current legal situation of protecting financial consumers’ right to know of our country, the author finds the lack of focus to reveal the present situation of legal protection.The fifth part is mainly gives some recommendations to the legal protection mechanism of our country in protecting consumers’ right to know of commercial bank financial products. At the same time, the author draws lessons from foreign related advanced protection mechanism in the field of the legislative, judicial protection, administrative protection, and gives some improving suggestions.