financial consumer protection

Financial consumer protection involves laws, regulations, and policies designed to ensure that individuals using financial services—such as banking, loans, or investments—are treated fairly and transparently. It aims to prevent unfair practices, fraud, and misinformation, while providing consumers with clear information to make informed decisions. Effective protection fosters trust in the financial system, encourages responsible lending and borrowing, and helps consumers recover from harm or errors. Overall, it ensures that consumers’ rights are upheld and that financial services are accessible, transparent, and safe for everyone.