Hungary Chapter in Lexology In-Depth: Consumer Finance Law

In-Depth: Consumer Finance Law is a country-by-country survey of the most consequential laws and regulations governing consumer financial services. Focusing on prominent recent developments in the sector, it examines key topics including payments, deposits, and revolving credit and instalment credit arrangements. Consumer protection in the financial sector has been greatly developed in Hungary over the past few years. Following the financial crisis in 2008, and the COVID-19 pandemic, certain provisions have been amended or implemented in Hungarian legislation (also via EU laws) to prevent another financial crisis. Our Banking & Finance experts, Melinda Pelikán, László Lovas and Viktória Horváth, authored the chapter devoted to Hungary for the Publication’s 8th edition. Read our experts’ local insights on whether the government’s steps to protect consumers from the adverse effects of unfolding economic crises can provide consumers with an effective level of protection. Access the full chapter below.

The chapter can be accessed here: Lexology