<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

Data publikacji: 13 mar 2024

Zakres stron: 175 - 187

Otrzymano: 30 cze 2023

Przyjęty: 12 gru 2023

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

Słowa kluczowe
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

Data publikacji: 13 mar 2024

Zakres stron: 175 - 187

Otrzymano: 30 cze 2023

Przyjęty: 12 gru 2023

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

Słowa kluczoweconsumer 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.

Słowa kluczowe
consumer credit, consumer protection, financial market, financial regulation