LEGAL ASPECTS AND DEVELOPMENTS FOR FINANCIAL CONSUMER PROTECTION: EVIDENCE FROM THE ROMANIAN BANKING SYSTEM
LEGAL ASPECTS AND DEVELOPMENTS FOR FINANCIAL CONSUMER PROTECTION: EVIDENCE FROM THE ROMANIAN BANKING SYSTEM

Summary/Abstract: Increasing number of consumers of financial products and services, rapid technological developments and financial innovations are among the factors that impose strengthening financial consumer protection. The global economic and financial crisis, that revealed several weaknesses in the regulatory framework for financial activity, also underlined the need to strengthen the financial consumer protection framework. Therefore, currently, efforts are being made in this direction by improving the legal framework for financial consumer protection or developing programs for financial education. Against this background, the paper presents some legal aspects and developments for financial consumer protection with focus on the Romanian banking system

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