Bank Financial Products Consumers Protection and Legal Suggestions

Abstract

Along with the rapid development of bank financial products in our country, the situation where financial consumers’ interests are encroached on is never new in the market. The major manifestation is that banks infringe upon consumers’ property right, information right, privacy right and the right of fair trade when selling financial products. As to the defects in the protection for consumers of financial products provided by the existing laws and regulations in our country, the author suggests segmenting the information disclosure and implementing the suitability principle in sales to safeguard the legitimate interests of consumers of bank financial products.

Key words: Bank financial products; Financial consumers; Information disclosure; Suitability of investors