New Tool Enhances Consumer Protection and Financial Literacy in Europe
The paper discusses the importance of protecting consumers and improving financial literacy to ensure the stability of the financial sector. It presents a set of Good Practices developed by the World Bank for analyzing laws and regulations related to consumer protection and financial literacy. The key concepts include making information easy for consumers to understand, banning unfair practices by financial companies, providing quick ways to resolve disputes, and offering financial education to help consumers make informed decisions.