International Developments in Consumer Financial Services Law 2007-2008
15 Pages Posted: 2 Feb 2010
This Survey reviews international consumer financial services law developments in 2007 and 2008 (through August 15, 2008) in the areas of payment systems, the European Convention of Human Rights, insolvency laws, and consumer privacy. This review makes the contrast between the European and U.S. approaches to consumer regulation apparent, in particular the EU preference for direct regulation as compared to the tradition of private remedies in the United States.
Keywords: consumer financial services law, European Union, European Commission, European Convention on Human Rights, Single Euro Payments Area, payment systems, interchange fees, mobile payments, data security breach laws, spyware
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