Rethinking the Effectiveness of Consumer Protection Policies and Measures in the Financial Marketplace
Williams C. Iheme
Abstract:This paper aims to identify and challenge the common practice among financial institutions of designing and selling complex financial products to consumers who lack full comprehension, thus preventing them from making informed decisions before consuming such financial products. This deceptive approach leads many consumers to experience financial losses, with significant negative consequences for society as a whole. The paper delves into the motivations behind financial institutions to produce and successfully … Show more
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