Consumer Protection

Financial consumer protection and the European Social Model

  • 11 June 2019
  • kutatocsoport5

This article argues that the extension of the additional protection against unfair commercial practices - provided only to a strictly limited group of consumers in other areas of consumer protection - to all consumers in the field of financial consumer protection could potentially be justified. Furthermore, it highlights the importance of promoting financial literacy, which would require the development of up-to-date financial education and awareness programmes: through the use of its education and training policy instruments, the European Union could promote the availability of these programmes across all member states. Read more... (Daniel Szilágyi)