The Study On The Legal Protection Of Financial Consumers

In the economic history of mankind, the emergence of private property and division of work in society , the separation of the value and use value of goods results in the currencies which are used as the equivalents to the goods. While the emerge of the money has provided favorable conditions for the development and prosperty of the banking business. With the fast-speed development of modern economy, modern banking business has became more prosperous than before and the consequence is that financial services, financial products are cramed into consumers'life. Anyone who wants to get rid of strong relations with the banking business can't do nothing about it. In order to meet their financial consumption demand, consumers purchase and sell securities, stocks, futures, financial derivative products; in order for the safety and security of their body, property, they buy insurance. Even though the people who lives in the bottom of the rural part pay for and settle their its social security through the bank, and the true fact is that no matter who you are or whether rich or poor, you can not get rid of the relationship with the banking business.Since the 1980s, under the background of the relaxation of the world financial administration, the fast-speed development of information technology, and the government's support and promotion of the economic liberalization, financial liberalization has been promoted, and the financial innovative product has grown enormously. In the wake of that, there has been a lot of financial products and consumer banking services as well as the flowing financial property to finance sector, which has speeded up the advance of the financial danger and the service skill. In this situation, in the light of the professional service, technicalism, risk, and consealing of financial products, how to protect financial consumer legally, how the govement carrys out supervision, how to restrict the behavior of financial sector and deploy its obligation rationally, how to exert the function of financial orgnizayion, and how to solve the financial disputable problem has became the focus of relevant departments and scholars.The financial crisis happening in 2007 gave a warning to the financial liberalism, and financial consumers has became the final victims. Therefore, each country has legislated law to protect finiancial consumers, and actively adjust the financial service law, and consumer rights protection of the finance is in the core of financial reform. And taking a overall review of our banking legislation, the author found that there is no special financial consumer protection law, and the financial consumer protection law is ambiguous and scattered, and it can not protect the relatively weak consumers. In recent years, there are a lot of cases about financial consumers, and the law is not perfect and the substitution between administrative responsibility and crimial responsibility is very common, which has made the legal protection of financial consumers'right impossible.