Title

Mobile Financial Services: The Need for a Comprehensive Consumer Protection Law

Publication Title

Banking and Finance Law Review

Document Type

Article

Publication Date

1-1-2012

Abstract

The article first describes mobile financial services for consumers and the types of companies participating in the provision of those services. Anticipated consumer problems are explored, including: security, privacy, unauthorized transfers, error resolution, viruses, system breakdown, consumer mistake, and the need for documentation and a history of transactions. Public policy and government regulatory issues are examined. Applicable U.S. state and federal laws are reviewed; their gaps and inadequacies are identified. The article concludes with a description of a proposed Model Law that provides satisfactory consumer protection.

Recommended Citation

Mark E. Budnitz, Mobile Financial Services: The Need for a Comprehensive Consumer Protection Law, 27 Banking & Finance L. Rev. 213 (2012).

Volume

27

Issue

2

First Page

213

Last Page

232

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