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Dr hab. Iwona Dorota Czechowska
ORCID: 0000-0002-8051-5324

Professor, head of the Department of Central Banking and Financial Intermediation, at the Faculty of Economics and Sociology, University of Lodz. She specializes in the problems of the functioning of the financial system, especially the banking sector. Author and co-author of numerous monographs and scientific articles on finance, central banking, commercial banking, financial instruments, ethics in finance and consumer protection. Scientific director and organizer of many conferences on consumer protection, founder of the Student Finance Clinic, operating at the University of Lodz.

 
DOI: 10.33226/0137-5490.2023.2.2
JEL: D18, K29, G21

The purpose of the article is to present, in the context of information asymmetry, irregularities related to consumer credit in terms of non-fulfillment of information obligations noted in the decisions of the President of the Office of Competition and Consumer Protection (OCCP) in the period of 2018–2021. While using the method of economic and legal analysis, the authors attempted to answer the question what irregularities, concerning the non-fulfillment of information obligations related to consumer credit, were identified in these decisions, and whether financial penalties were imposed on entities that did not fulfill these obligations. The analysis of irregularities presented in the paper shows that despite the legislation in force, the consumer is not sufficiently protected from information asymmetry.

Keywords: consumer credit; consumer protection; information obligations; irregularities