The Consumer’s Financial Capability: a Regulatory Perspective

Gianni Nicolini

Chapter 10 in New Drivers of Performance in a Changing Financial World, 2009, pp 179-198 from Palgrave Macmillan

Abstract: Abstract At present, the development of consumers’ self-evaluation of their own financial situation is still in its infancy. In the interests of consumers, it is important that there is a narrowing in the current gap in information and financial expertise between themselves and financial intermediaries. This could contribute to a reduction in the instances of over-indebtedness and bankruptcy. At the same time, it might make it easier for consumers to compare products and hence to increase the level of competition between lenders.

Keywords: Credit Rating; Consumer Protection; Financial Capability; Consumer Credit; Information Tool (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-59481-4_10

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DOI: 10.1057/9780230594814_10

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