Subject. Relating to a drop in people’s income, cycles of economic crises, a decrease in the hydrocarbon prices and other factors, societal changes triggered a growth in criminal attempts towards property, with lending crimes being one of the principal challenges. According to studies, respective public authorities cannot resolve the issue alone. The governmental mechanism for voluntary lending prohibition was chosen to address the issue, like it was done with real estate crimes. I herein found out that the theory of finance can be further elaborated, applying the proposed principles to banking practices. Objectives. I set up the mechanism, unfold the theory and practice of banking, which would help protect people from lending fraud. Methods. At the empirical level, the study is based on observation, while I use the abstraction, idealization, induction and deduction, versatile methods of research, such as analogies, analysis, synthesis, and interviewing as a personalized expert method at the theoretical method. Conclusions. In the voluntary lending prohibition is introduced in Russia, this will significantly enhance the economic security of people against lending fraud. The findings contribute to the development of the theory of finance in banking and can be used in practice of credit institutions. The findings may underlie the further development of the theory of credit institution finance, improvement of the banking laws of the Russian Federation and ensure the protection from the constitutional right for property protection. They can be used by financial institutions’ practice.
Keywords: economic security, lending, fraud
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