Financial Consumer Protection. Subject: Research Proposal Student Name: Maina Alex Irungu Student Number: Bus-241-0088/2010 Course Name: Bachelor of Commerce (Finance Option) Course Unit: Research

Only available on StudyMode
  • Download(s) : 307
  • Published : May 26, 2013
Open Document
Text Preview
FINANCIAL CONSUMER PROTECTION.

SUBJECT:RESEARCH PROPOSAL
STUDENT NAME: MAINA ALEX IRUNGU
STUDENT NUMBER:BUS-241-0088/2010
COURSE NAME:BACHELOR OF COMMERCE
(FINANCE OPTION)
COURSE UNIT:RESEARCH METHODOLOGY
FACULTY:FACULTY OF BUSINESS
DEPARTMENT:FINANCE DEPARTMENT
COURSE CODE:HBC 2203
INSTRUCTOR:PROF. JOSEPH GITILE NAITULI, PhD

DATE OF SUBMISSION: 4/12/2012

TABLE OF CONTENTS

1.0 ABSTRACT………………………………………………………………………………….2

1.1 INTRODUCTION ..................................................................................................................2

1.2 Background of the study …………………………………………………………………..2

1.3 Problem statement ...............................................................................................................3

1.4 Objectives of the study..........................................................................................................3

1.5 Research questions or hypothesis .........................................................................................3

1.6 Justification…………………………………………………………………………………3

2.0 LITERATURE REVIEW……………………………………………………………….....4

2.1 THEORETICAL FRAMEWORK………………………………………………………...4

3.0 RESEARCH METHODOLOGY .........................................................................................5

3.1 Introductions ........................................................................................................................5

3.2 Research design ....................................................................................................................6

3.3 Sampling ...............................................................................................................................6

3.4 Data collection ......................................................................................................................6

3.5 Data analysis .........................................................................................................................6

4.0 FINDINGS…………………………………………………………………………………..6

5.0 SCHEDULE…………………………………………………………………………………7

6.0 CONCLUSION……………………………………………………………………………...7

7.0 RECOMMENDATION…………………………………………………………………….8

8.0 REFERENCES.......................................................................................................................8

1.0 ABSTRACT

Consumer protection and financial literacy can contribute to improved efficiency, transparency, competition, and access in retail financial markets by reducing information asymmetries and power imbalances between providers and users of financial services. There is some evidence that enforcement powers and monitoring capacity are limited in many countries, obstructing the effective implementation of the existing regulations. Furthermore, independent third party dispute resolution mechanisms are not widespread. The paper will also comprise of comprehensive information on laws and regulations relevant for consumer protection and discusses a number of challenges related to empirical analyses of financial consumer protection.

1.1 INTRODUCTION
1.2 BACKGROUND OF THE STUDY
Financial consumer protection is about ensuring a fair exchange between providers and consumers of financial services. A deliberate policy framework is necessary to counterbalance the inherent disadvantage of financial service consumers’ vis-à-vis the power, information, and resources of their providers. Consumer protection, in the broader sense, refers to the laws and regulations that ensure fair interaction between service providers and consumers. Government intervention and regulation in the area of consumer protection are justified on the basis of inherent information asymmetries and power imbalances in markets, with producers or service providers having more information about the product or service than the consumers. A consumer protection framework generally...
tracking img