The Research On Development Of The US Consumer Finance

The United States is the leader of the world economy,its economy,technology and financial models are in the leading position in the world.As early as 1920 s,consumer finance had appeared in the United States,which is the birthplace and the leader in consumer finance around the world.In recent years,the consumption /GDP of the US accounted over 2/3,the high level of consumption is relied on the support of consumer financial services.With the development of economy and technology,the US consumer finance system has been improved,and has formed a mature operation system.As a "booster" of consumption,consumer finance plays a positive role in supporting economic growth,dispersing risk and improving the life of consumer.The systemic mechanism of legal protection,complete credit information system and prudent supervision system ensure the orderly of the market,and control the credit risk,operational risk and market risk.consumer finance in our country is in the initial stage,it exists lots of issues: the legal system is not perfect,credit mechanism is not perfect and lack of effective supervision.In 2015,the State Council put forward a new strategy of letting new consumption play a leading role and accelerating the formation of a new supply of new power,and taking consumer finance as an important strategic measure of economic restructuring and development.Therefore,it is of great significance to study the US finance and learn from its experience to promote China's consumer finance system.Firstly,The paper introduces the concepts of consumer finance and related theories,analyzing the reason of development in US consumer finance.Besides,the paper summarizes the procedure and three features of US consumer finance according to economic stage development of the United States of consumer finance.Secondly,it analyzes the risk controlling mechanism of US consumer finance,legal mechanism,credit mechanism and regulatory mechanism.Then,it expounds the positive andnegative effects of the US consumer finance,and forecasts the future trend in US consumer finance.Finally,it analyze the current situation of consumer finance in China,and put some recommendations for the development of China's consumer finance.