Social Justice in EU Financial Consumer Law

Tilburg Law Review, Forthcoming

50 Pages Posted: 3 Jan 2019

See all articles by Andrea Fejős

Andrea Fejős

School of Law, University of Essex

Date Written: December 18, 2018


Working with philosophical concepts of equality as social justice, this paper shows that the equality-based model of social justice as equality of status has increasingly come to the fore in modern EU financial consumer law. This emergent and complex set of private and regulatory rules on credit, insurance, investment and payment products has responded to the consequences of inequality between financial firms and consumers by adopting a set of product and rights regulation to balance the parties rights and duties and protect consumers from the consequences of status based inequality. Going forward the paper recommends that the social justice approach must be made transparent and become an express part of EU law and policy, both in order to raise consumer trust in the internal market and to more clearly set the future law and policy agenda.

Keywords: Financial Consumer Law, EU Financial Services, EU Consumer Law and Policy, EU Social Market Economy, Social Justice, Equality of Status

JEL Classification: K12, K22, G18, G20

Suggested Citation

Fejős, Andrea, Social Justice in EU Financial Consumer Law (December 18, 2018). Tilburg Law Review, Forthcoming. Available at SSRN: or

Andrea Fejős (Contact Author)

School of Law, University of Essex ( email )

Wivenhoe Park
Colchester, Essex CO4 3SQ
United Kingdom

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