Research On Bank Financial Products Consumer Protection

Since 2004, China Everbright Bank launched the first of wealth management products, since the "Sunshine Plan", as of December 2013, bank balance of wealth management products in China has reached 10 trillion yuan, the bank financial products circulation or will exceed 40000. Though the bank financing business of banking is far less than developed countries, the proportion of the total but it also illustrates the bank financing business development space and prospect in our country is very big, in the future will continue to maintain rapid development momentum. Especially since 2013, when the Internet to launch all kinds of precious financial balance financial products, banks have to follow the situation to launch "balance treasure" wealth management products, to say the bank wealth management products in China will follow in the footsteps of the market is more and more rich, bank financial products in the audience is becoming more and more widely. However, bank financial products while bring benefits to people, all kinds of bank financing consumers interest infringement cases are increasing. At present, the bank financial consumer protection exist many problems. In the aspect of legislation, absence of basic financial consumer protection system, the existing bank financial regulation law scattered and level is not high, moreover due to the lack of civil legislation, bank financial contract nature of fuzzy, consumer is difficult to pursue the responsibility of banking institutions selling. In financial regulation, because of the lack of unified coordination organization of financial consumer protection and supervised respectively the negative impact of the bank supervision of the financial product is confusion and inefficiency. In terms of relief, bank financial consumers relief path is imperfect and the proof is difficult, cause its interests after damage is difficult to maintain the legitimate rights and interests. At present, China’s financial consumer protection and research are mainly composed of the overall level of research, on the level of bank financing products less financial consumer protection research. In view of the present bank financing the status of the lack of protection of consumer rights and interests in our country, this paper clarify the bank financial consumer concept and type of bank financial products such as basic concept, fully excavate the current our country bank financial consumer protection legislation, supervision and remedy deficiency of, through using the advanced experience of foreign bank financial consumer protection in the developed countries, trying to put forward a set of from legislation, financial supervision and the judicial relief angles, a full range of bank financial consumer protection mechanism, hope for China’s financial consumer protection bank financial consumer protection system construction under the framework of help.