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Financial consumer protection and financial culture
38-48Views:319The global economic crisis in 2008 highlighted that there is an information assymetry between the financial service providers and consumers, furthermore given the vulnerability of the consumers there is a need for immediate actions to protect the latter. Financial consumer protection has come to the fore, which is a relatively new area of law, however by now has fought for a highly significant role for itself and its importance is growing day by day.
Unforunately, however, the financial culture of the Hungarian population is extremely low. This carries significant risks, since citizens with lower financial literacy tend to be less active in the economic life and and they make decisions that are clearly unfavorable to them en masse, therefore the development of a financial culture is essential.
In my opinion, financial awareness can be developed primarily through the transfer and dissemination of knowledge about financial literacy, in other words the most effective way is through education. Education should be aimed primarily at the youngest generations and the main emphasis should be on educating children, since they are extremely receptive to the acquisition of new knowledge and will have the most outstanding impact on the future. If the education of financial awareness begins at a very young age, by the time these children grow up, they will routinely make conscious financial decisions, therefore the next generation can grow up to be able to “handle money” properly.
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A magyar versenyjogi fogyasztóvédelem „fogyasztó” szemlélete a Versenytanács joggyakorlatában
Views:92Without abstract.
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The Significance of the Right to Repair Directive in Promoting Sustainable Consumption in the Light of Consumer Contracts
21-45Views:86The process of the green transition is increasingly influencing European Union policies, legal fields, and institutions, and consumer protection law is no exception. The promotion of sustainable consumption through consumer contract law first gained prominence in 2019 and became a more intensive focus in 2024.
This study aims to analyze and assess the reception of sustainable consumption in EU law, with particular attention to Directives 2019/771 and 2024/1799. The analysis focuses on how these directives introduced new legal instruments into harmonized contract law and how these instruments can simultaneously serve the high-level protection of consumers and the promotion of sustainable consumption.
The study does not seek to provide a comprehensive overview of the competition law and intellectual property law challenges surrounding the right to repair. These legal fields are mentioned only insofar as they fulfill a consumer protection function.