TY  - BOOK
AU  - Rutledge, Sue
PY  - 2012
DA  - 2012//
TI  - Improving Protection in Financial Services for Russian Consumers
T3  - Europe and Central Asia Knowledge Brief Volume 13
PB  - World Bank
CY  - Washington, DC
KW  - ACCESS TO FINANCIAL EDUCATION
KW  - ARBITRATION
KW  - ASSETS
KW  - BAD INVESTMENT
KW  - BANK ACCOUNTS
KW  - BANK FINANCING
KW  - BANKING SECTOR
KW  - BANKRUPT
KW  - BANKRUPTCY LEGISLATION
KW  - BANKRUPTCY PROCEDURE
KW  - BANKRUPTCY PROCEDURES
KW  - BANKS
KW  - BEST PRACTICES
KW  - BORROWINGS
KW  - BUDGET PLANNING
KW  - BUSINESS MODEL
KW  - BUSINESS PRACTICES
KW  - CAPABILITY
KW  - CAR REPAIRS
KW  - CENTRAL BANK
KW  - CHECKS
KW  - COLLECTION AGENCIES
KW  - COLLECTION OF PAYMENTS
KW  - COMMERCIAL BANKS
KW  - COMPOUND INTEREST
KW  - CONSUMER
KW  - CONSUMER COMPLAINTS
KW  - CONSUMER CONFIDENCE
KW  - CONSUMER CREDIT
KW  - CONSUMER DEBTORS
KW  - CONSUMER DISCLOSURE
KW  - CONSUMER LENDING
KW  - CONSUMER PROTECTION
KW  - CONSUMER RIGHTS
KW  - CONSUMER SPENDING
KW  - CONSUMERS
KW  - CONTACT POINT
KW  - CONTRACT PROVISIONS
KW  - CONTRIBUTION
KW  - CREDIT COOPERATIVES
KW  - CREDIT HISTORIES
KW  - CREDIT PROVIDERS
KW  - CREDIT REPORTING
KW  - CREDIT RISK
KW  - CREDITS
KW  - DEBT
KW  - DEBT COLLECTION
KW  - DEBT COLLECTORS
KW  - DEBTORS
KW  - DEPOSIT
KW  - DISCLOSURE REQUIREMENTS
KW  - DISPUTE RESOLUTION
KW  - DISPUTE RESOLUTION MECHANISMS
KW  - EXPOSURE
KW  - FINANCIAL CONSUMER
KW  - FINANCIAL CONSUMERS
KW  - FINANCIAL CONTRACTS
KW  - FINANCIAL DECISIONS
KW  - FINANCIAL EDUCATION
KW  - FINANCIAL EDUCATION INITIATIVES
KW  - FINANCIAL EDUCATION PROGRAMS
KW  - FINANCIAL FUTURE
KW  - FINANCIAL INSTITUTION
KW  - FINANCIAL INSTITUTIONS
KW  - FINANCIAL INTERMEDIARIES
KW  - FINANCIAL ISSUES
KW  - FINANCIAL LITERACY
KW  - FINANCIAL LITERACY SURVEY
KW  - FINANCIAL LITERACY SURVEYS
KW  - FINANCIAL MARKETS
KW  - FINANCIAL PRODUCTS
KW  - FINANCIAL QUESTIONS
KW  - FINANCIAL SECTOR
KW  - FINANCIAL SECTOR DEVELOPMENT
KW  - FINANCIAL SERVICE
KW  - FINANCIAL SERVICES
KW  - FINANCIAL SERVICES PROVIDERS
KW  - FINANCIAL STABILITY
KW  - FINANCIAL STRATEGIES
KW  - FINANCIAL SYSTEM
KW  - FINANCIAL TRANSACTIONS
KW  - FRAUDS
KW  - GROSS DOMESTIC PRODUCT
KW  - INDIVIDUAL CONSUMER
KW  - INDIVIDUAL CONSUMER DEBTORS
KW  - INDIVIDUAL CONSUMERS
KW  - INDIVIDUAL DEBTORS
KW  - INFORMATION DISCLOSURE
KW  - INFORMED CONSUMERS
KW  - INSTITUTIONAL FRAMEWORK
KW  - INSURANCE
KW  - INSURANCE COMPANIES
KW  - INVESTING
KW  - INVESTMENT ADVICE
KW  - INVESTMENT DECISIONS
KW  - INVESTMENT FUNDS
KW  - LEGAL FRAMEWORK
KW  - LENDERS
KW  - LIQUIDATION
KW  - LIQUIDITY
KW  - LIQUIDITY RISK
KW  - LONG-TERM SAVINGS
KW  - LOW-INCOME
KW  - LOW-INCOME PEOPLE
KW  - MANDATE
KW  - MARKET DISCIPLINE
KW  - MARKET FAILURE
KW  - MARKET RISKS
KW  - MORTGAGE
KW  - MORTGAGE MARKETS
KW  - MORTGAGES
KW  - NEW INVESTORS
KW  - PAYMENT SERVICE
KW  - PAYOFF
KW  - PENSION
KW  - PENSION FUNDS
KW  - PENSION PLANNING
KW  - PENSION SCHEMES
KW  - PERSONAL BANKRUPTCY
KW  - PERSONAL INFORMATION
KW  - PRIVACY
KW  - PRIVATE FINANCIAL SECTOR
KW  - PRIVATE SECTOR
KW  - PRIVATE SECTOR DEVELOPMENT
KW  - PROFESSIONAL ASSOCIATION
KW  - PROFESSIONAL ASSOCIATIONS
KW  - RAPID GROWTH
KW  - REAL ESTATE
KW  - REORGANIZATION
KW  - RESIDENTIAL MORTGAGES
KW  - RESIDENTIAL REAL ESTATE
KW  - RESULT
KW  - RESULTS
KW  - SAVINGS
KW  - SECURITIES
KW  - SENIOR
KW  - SERVICE PROVIDERS
KW  - STANDARD CONTRACT
KW  - STATE PENSION
KW  - SUPERVISION
KW  - SUPERVISORY AGENCY
KW  - TARGETS
KW  - TRANSPARENCY
KW  - TRUST FUND
KW  - UNFAIR PRACTICES
KW  - VALUABLE
AB  - Over the last decade, consumer credit in the Russian Federation has expanded from almost nothing to 9.2 percent of Gross Domestic Product (GDP) in 2008. This is an average increase of 84 percent a year for five years. Recent developments in financial markets have highlighted the need for consumer protection and financial literacy for the long-term health of the financial sector. The rapid growth of household lending has been accompanied by an increase in the number of households that have difficulty in understanding the risks and obligations that they assume, or the full range of choices available. In the United States mortgage markets for instance, complex financial contracts were sold to borrowers, some of whom had weak credit histories. The consequences were disastrous, and highlight the importance of consumer protection and financial education to prevent other similar events.
UR  - http://hdl.handle.net/10986/10221
LA  - English
ID  - 797561595
ER  -