As a member of the EU, Hungary has to implement community norms into iudts legal order. The udEU regulations have reached some basic institutions of the private and the business laws of the udmember states. The rules of consumer protection constitute the most important driving force udbehind the development. The current definition oudf the consumer intends to emphasize its weaker udposition in a contractual relationship. This definition seems to be in need of further specification udin particular domains of transaction such as financial affairs.udRecent financial scandals in Hungary, such udas the case of the foreign currency loans and the udbankruptcy of brokerud-udhouses and banks call attention to the need of providing special protection udto financial consumers as well. In this paper, I would like to examine, whether and to what udextent the concepudt of the financial consumer is taken into consideration in the current Hungarian udeconomic and legal literature, and what steps should be taken to restore the balace between udfinancial service providers and consumers. I think that the introduction of the conudcept would udhelp to disseminate knowledge about financial culture, anudd prevent further malpractice.
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