Our Country Credit Card Consumer Rights And Interests Research On The Protection Of Legal Issues

The booming market economy and the transformed consumption concepts have gradually transferred the payment method from traditional mode to credit card.In order to catch up with the updated consumption concepts,the financial service institutions,such as banks,have created new payment instruments,typically represented by credit cards,which have become an essential part of the daily lives of economic entities.However,the continuous development and increasing number of credit cards and service types have also introduced a series of issues,such as the lack of laws that can effectively protect the basic legitimate rights of the vulnerable credit card consumers,the disclosure of the personal information of the credit card consumers,and the imperfect credit card regulations established by the banks.In contrast with the rapid development of our credit card industry,the legal document system that regulates the credit card industry is not up to date.Moreover,most domestic researches focus on the interest of the card issuers and therefore cannot provide effective protection for the credit card consumers,which is contrary to the principle of equity interests.Based on this,the author has focused this research on the protection for the credit card consumer rights.It analyzed the foreign laws that involve the credit card consumers and proposed practicable and comprehensive suggestions for establishing and improving the protection for our credit card consumer rights.This research is based on the current development situation in China and adopted several research methods such as comparative study,data search and collection,and empirical analysis.Firstly,the author provided the theoretical analysis on our current situation of protecting the credit card consumer rights,and the in-depth analysis of the legal status of credit card consumers and the necessity for protecting the credit card consumer rights.Five issues were addressed based on the analysis of our current situation of protecting the credit card consumer rights.Secondly,this research analyzed the advanced concepts regarding the protection for credit card consumer rights in the developed countries such as United States,United Kingdom and German.It then identified the valuable experiences that may be applicable for protecting the credit card consumer rights in China.At last,corresponding suggestions and improvement solutions were proposed for protecting the credit card consumer rights in China from six perspectives,including legislation and regulatory mechanism.