CIVIL LAW AND CIVIL PROCEDURE

Civil remedies for protection of consumer rights in banking relations

Abstract

In today's society, where financial transactions play a huge role, consumer protection is becoming an increasingly relevant and important topic. The banking sector is no exception, and civil law means of protecting consumer rights in legal relations regarding a bank deposit, bank account and issue of securities are of particular importance. That is why it is important that consumers can be confident that their rights on this issue are reliably protected. Civil law means of protecting consumer rights in relation to a bank deposit provide them with the opportunity to appeal against incorrect attitude on the part of banks or other financial institutions, as well as receive compensation in case of losses incurred as a result of their illegal actions.