Analysis On The Protection Of Rights Of Credit Card Consumers

Credit trading is a natural product and internal requirements of a highly developed market economy. Credit card as the carrier of electronical transactions is an important extension of the modern monetary system. Because credit card trading brings the consumers great facilities of shoping,promotes the seller's selling and brings the card-issuing bank tremendous profits, it has maintained fast development and becomes an integral part of daily life. Credit market competition intensifies, however, the interests of consumers of credit card are violated frequently,such as the violation of the right of privacy,the losses as the card-issuing banks not disclosing information, the security of credit card and so on.Cardholder is in a weak position compared to the card-issuing bank and the seller. without adequate protection of consumer rights, credit card industry will not has long-term development. In the booming day of credit trading,it will be a bad result for the parts of credit trading.The article demostates the ways of protecting the interests of cardholers from the following four sections:The first part defines the meaning of credit and credit card and the effect of consumer credit,gives the conclusion that the base of credit card is credit and credit card is a form of consumer credit.Then the article tell us the function of credit card and indicates the importance of the protection of the cardholder.It draw the main credit card parties through the process of credit card transactions.The second part analysis the Legal relationship of the cardholder and the card-issuing bank, the card-issuing bank and the seller, the cardholder and the seller,the card-issuing and the acquiring bank. As the inadequate development of practices and theory of credit card,there are many theoretical controversy about the the Legal relationship of the parties.How to define them depends the distribution of right and obligation among them.The third part analysis that cardholder has the status of consumer.the cardholder is a special consumer. He has both the characteristics of consumers, but also a bank card consumer, credit consumers. Then the article analisis the rights of the consumer of the three nature.The forth part is the emphasis of the article.It analisis the four aspects of the violation of cardholder's interest:the violation of privacy,right to information and defense, fraudulent use of credit cards.This part analysis the laws, administrative regulations in these four areas in china,then gives the suggestions of improvement of legislation compared to the foreign law experience in this area.