Social Justice in EU Financial Consumer Law
Tilburg Law Review, Forthcoming
50 Pages Posted: 3 Jan 2019
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: Suggested Citation