<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The financial market plays a crucial role in economic growth, but it also poses risks to consumers, who may not have the expertise to navigate its complexities. This article examines the importance of consumer protection in the financial market and the legal background for regulation, including the stable and effective institutional set-up of consumer protection in Poland and the Czech Republic. It also discusses various initiatives that have been implemented to safeguard consumers in the financial market, such as regulations and policies designed to prevent deceptive practices and fraudulent behaviour. Finally, the article highlights the challenges facing consumer protection in the financial market regarding the institutions dealing with it, including the need for more effective enforcement mechanisms.</p>
</abstract>

The financial market plays a crucial role in economic growth, but it also poses risks to consumers, who may not have the expertise to navigate its complexities. This article examines the importance of consumer protection in the financial market and the legal background for regulation, including the stable and effective institutional set-up of consumer protection in Poland and the Czech Republic. It also discusses various initiatives that have been implemented to safeguard consumers in the financial market, such as regulations and policies designed to prevent deceptive practices and fraudulent behaviour. Finally, the article highlights the challenges facing consumer protection in the financial market regarding the institutions dealing with it, including the need for more effective enforcement mechanisms.

Institutional Financial Consumer Protection in Czech Republic and Poland: Differences, Strengths, Weaknesses, and Challenges

Białostockie Studia Prawnicze

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The financial market plays a crucial role in economic growth, but it also poses risks to consumers, who may not have the expertise to navigate its...

Institutional Financial Consumer Protection in Czech Republic and Poland: Differences, Strengths, Weaknesses, and Challenges

Published Online: Mar 13, 2024

Page range: 175 - 187

Received: Jun 30, 2023

Accepted: Dec 12, 2023

DOI: https://doi.org/10.15290/bsp.2024.29.01.11

Keywords
consumer credit, consumer protection, financial market, financial regulation

© 2024 Damian Cyman et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Institutional Financial Consumer Protection in Czech Republic and Poland: Differences, Strengths, Weaknesses, and Challenges

Published Online: Mar 13, 2024

Page range: 175 - 187

Received: Jun 30, 2023

Accepted: Dec 12, 2023

DOI: https://doi.org/10.15290/bsp.2024.29.01.11

Keywordsconsumer credit, consumer protection, financial market, financial regulation

© 2024 Damian Cyman et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
consumer credit, consumer protection, financial market, financial regulation