Legal Reserch On The Consumer Protection Of Bank Financial Products

In recent years, more people are willing to entrusted their excess funds to banks to operation, then they can get return on assets. Banks develop kinds of wealth-management products to meet consumer demand. But in real life, it is common occurrence that personal customers of bank financial products are frequently misguided, illegal sales to sell bank financial products such violations of the rights and interests of consumers. On the basis of the existing normative documents and the relevant system, consumers of the bank’s financial products cannot get effective protection.Therefore, it is necessary to protect consumers of financial products inclindly through the legislative norms and improving the system, firstly we should determine the legal nature of the financial products contract in order to identify the parties’ civil liability and the burden of proof. Secondly, it is necessary to analyze the risk issues in operation of financial products that may harm the interests of consumers, throughout the relevant legislation at home and abroad, to make suggestions on how to protect their legitimate rights and interests. This paper also prposed to introduct new rules to lift the market access specific standard on commercial financial products, refined information disclosure, standardized form contract to reduce the risk of financial products consumer’s rights infringement, while proposing to learn foreign experience in the regulatory system change the existing regulatory model supervision of bank financing of the consumer market, in addition, it is recommended to improve the information disclosure system, allowing consumers to understand the dynamics of the flow of funds, risk and other information in the course of the operation. Finally, it is necessary to improve judicial dispute resolution mechanism, so that the interests of consumers’ damage can be compensated.