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The Mechanism of Legal Protection of Financial Services Consumers

Author

Listed:
  • Lyudmila Yu. Ryzhanovskaya

    (Financial Research Institute, Moscow 127006, Russia)

Abstract

The one of the reason of the maintaining inequalities and poverty in the world is the inability to obtain access/lack of access to financial services. It requires the set of regulatory measures to provide the opportunity to access to financial services to all population groups. The forming of the protection mechanism of low-income consumers is the one of the measures. The analysis of the constituent elements of such a mechanism is presented in this article.

Suggested Citation

  • Lyudmila Yu. Ryzhanovskaya, 2013. "The Mechanism of Legal Protection of Financial Services Consumers," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 51-58, March.
    • Handle: RePEc:fru:finjrn:130106:p:51-58
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    More about this item

    Keywords

    financial services; expanding access to financial services; protection of consumer rights; responsible financing;
    All these keywords.

    JEL classification:

    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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