REGULATION PROBLEMS AND THEIR POSSIBLE SOLUTIONS IN THE LITHUANIAN EXPRESS CREDIT SECTOR

REGULATION PROBLEMS AND THEIR POSSIBLE SOLUTIONS IN THE LITHUANIAN EXPRESS CREDIT SECTOR

Abstract. Express credit institutions have started their activities only five years ago when the economic crisis came and increased the borrowing demand. Now, we have the consumer credit law and other legislative acts which aim to ensure this sector regulation. However, there still remain problems...

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Bibliographic Details
Main Authors: Rimgaudas Pazniokas, Aldona Jočienė
Format: Article
Language:English
Published: Vilnius University Press 2013-01-01
Series:Ekonomika
Online Access:https://www.journals.vu.lt/ekonomika/article/view/2338
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spelling doaj-36ac3cdcb7204878950e93d1fa0594ec2020-11-25T01:53:30ZengVilnius University PressEkonomika1392-12582424-61662013-01-0192410.15388/Ekon.2013.0.2338REGULATION PROBLEMS AND THEIR POSSIBLE SOLUTIONS IN THE LITHUANIAN EXPRESS CREDIT SECTORRimgaudas PazniokasAldona Jočienė Abstract. Express credit institutions have started their activities only five years ago when the economic crisis came and increased the borrowing demand. Now, we have the consumer credit law and other legislative acts which aim to ensure this sector regulation. However, there still remain problems that have to be solved. The main of them are inconsistencies in consumers’ solvency evaluation in different companies, the lack of financial knowledge in society and its information, the aggressive lending and advertising policy. The increasing demand for this service shows its importance and proves the necessity to maintain it in the market while at the same time ensuring consumer protection. Key words: express credits, pay-day loans, consumer credit https://www.journals.vu.lt/ekonomika/article/view/2338
collection DOAJ
language English
format Article
sources DOAJ
author Rimgaudas Pazniokas
Aldona Jočienė
spellingShingle Rimgaudas Pazniokas
Aldona Jočienė
REGULATION PROBLEMS AND THEIR POSSIBLE SOLUTIONS IN THE LITHUANIAN EXPRESS CREDIT SECTOR
Ekonomika
author_facet Rimgaudas Pazniokas
Aldona Jočienė
author_sort Rimgaudas Pazniokas
title REGULATION PROBLEMS AND THEIR POSSIBLE SOLUTIONS IN THE LITHUANIAN EXPRESS CREDIT SECTOR
title_short REGULATION PROBLEMS AND THEIR POSSIBLE SOLUTIONS IN THE LITHUANIAN EXPRESS CREDIT SECTOR
title_full REGULATION PROBLEMS AND THEIR POSSIBLE SOLUTIONS IN THE LITHUANIAN EXPRESS CREDIT SECTOR
title_fullStr REGULATION PROBLEMS AND THEIR POSSIBLE SOLUTIONS IN THE LITHUANIAN EXPRESS CREDIT SECTOR
title_full_unstemmed REGULATION PROBLEMS AND THEIR POSSIBLE SOLUTIONS IN THE LITHUANIAN EXPRESS CREDIT SECTOR
title_sort regulation problems and their possible solutions in the lithuanian express credit sector
publisher Vilnius University Press
series Ekonomika
issn 1392-1258
2424-6166
publishDate 2013-01-01
description Abstract. Express credit institutions have started their activities only five years ago when the economic crisis came and increased the borrowing demand. Now, we have the consumer credit law and other legislative acts which aim to ensure this sector regulation. However, there still remain problems that have to be solved. The main of them are inconsistencies in consumers’ solvency evaluation in different companies, the lack of financial knowledge in society and its information, the aggressive lending and advertising policy. The increasing demand for this service shows its importance and proves the necessity to maintain it in the market while at the same time ensuring consumer protection. Key words: express credits, pay-day loans, consumer credit
url https://www.journals.vu.lt/ekonomika/article/view/2338
work_keys_str_mv AT rimgaudaspazniokas regulationproblemsandtheirpossiblesolutionsinthelithuanianexpresscreditsector
AT aldonajociene regulationproblemsandtheirpossiblesolutionsinthelithuanianexpresscreditsector
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