2012•Journal of Northwest UniversityRequires access

On the Financial Rights of Consumers of Improved Legal Protection Mechanisms: The View of Taiwan "Financial Consumer Protection Act"

Tian Jing-ting

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Abstract

For the lack of legislative and regulatory approach,such as the concept of consumers are not clearly defined and preservation of rights is not perfect.This paper uses the methord of comparative analysis,though the detailed interpretation by Taiwan′s financial consumer protection laws, to improve consumer protection mechanism: Firstly,define the concept of consumers.Secondly,clarify consumers′rights and obligations.Thirdly,propose the establishment of an independent consumer protection agency.

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What this paper is about

For the lack of legislative and regulatory approach,such as the concept of consumers are not clearly defined and preservation of rights is not perfect.This paper uses the methord of comparative analysis,though the detailed interpretation by Taiwan′s financial consumer protection laws, to improve consumer protection mechanism: Firstly,define the concept of consumers.Secondly,clarify consumers′rights and obligations.Thirdly,propose the establishment of an independent consumer protection agency.

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Available abstract

For the lack of legislative and regulatory approach,such as the concept of consumers are not clearly defined and preservation of rights is not perfect.This paper uses the methord of comparative analysis,though the detailed interpretation by Taiwan′s financial consumer protection laws, to improve consumer protection mechanism: Firstly,define the concept of consumers.Secondly,clarify consumers′rights and obligations.Thirdly,propose the establishment of an independent consumer protection agency.

Key concepts: Consumer Protection Act, Consumer protection, Legislature, Consumer Bill of Rights, Business, Agency (philosophy), Interpretation (philosophy), Law and economics

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