Protection of clients' rights in the financial-banking field

For centuries, various laws have been enacted to protect consumers, relying on various legal forms to achieve their goals. These laws aim to ensure fairness, safety and transparency in consumer transactions. In addition to laws specifically designed to protect consumers, many other legal provisions indirectly protect consumers. For example, laws that simplify the prosecution of fraud, protect property rights, or facilitate litigation also serve to protect the interests of consumers. Because of this overlap, the boundaries of consumer protection law are not easily defined, being distinct in different countries. This article focuses primarily on consumer protection legislation as its main objective and provides an introduction to the existing legal mechanisms to protect consumers in the financial-banking field internationally, including from the perspective of personal data protection.

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Publication Details

Published
2025-04-01
DOI
https://doi.org/10.59295/rler2024.15
Primary Topic
Legal Studies and Reforms
Type
article
Field-Weighted Citation Impact
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article

Protection of clients' rights in the financial-banking field

Adrian Guzun
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Legal Studies and Reforms
article

Protection of clients' rights in the financial-banking field

Adrian Guzun
article en

Abstract

For centuries, various laws have been enacted to protect consumers, relying on various legal forms to achieve their goals. These laws aim to ensure fairness, safety and transparency in consumer transactions. In addition to laws specifically designed to protect consumers, many other legal provisions indirectly protect consumers. For example, laws that simplify the prosecution of fraud, protect property rights, or facilitate litigation also serve to protect the interests of consumers. Because of this overlap, the boundaries of consumer protection law are not easily defined, being distinct in different countries. This article focuses primarily on consumer protection legislation as its main objective and provides an introduction to the existing legal mechanisms to protect consumers in the financial-banking field internationally, including from the perspective of personal data protection.

Openalex Percentile: Top 86%
Legal Studies and Reforms
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