consumer-protection
FinancePre – Mot Checklist: Do It Yourself
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Top StoriesFrench Finance Minister: Energy and Transport Firms Must Do More to Ease Inflation Pain
Car Drivers in Hungary Face Refuelling Limit at Mol, Omv Pumps
Date: June 24, 2022
BUDAPEST (Reuters) -Passenger car drivers in Hungary will be limited to buying 50 litres of fuel a day from Friday at fuel stations owned by Hungary’s MOL and Austria’s OMV, in a move to avert disruptions caused by a government price cap. MOL’s announcement halved the previous limit it imposed on refuelling. OMV said its...
Insurance Watchdog Calls for pan-EU Policy Protection
Date: June 21, 2022
By Huw Jones LONDON (Reuters) -Harmonised insurance protection schemes of last resort are needed across the European Union as consumers increasingly buy policies from outside their country, the bloc’s insurance regulator said on Tuesday. Petra Hielkema, chair of the European Insurance and Occupational Pensions Authority (EIOPA), said cross-border premiums have been steadily increasing over the...
TikTok to Boost EU Consumers’ Rights, Averts Possible Sanctions
Date: June 21, 2022
By Foo Yun Chee BRUSSELS (Reuters) – Chinese-owned short video-sharing app TikTok has agreed to boost European Union users’ rights, EU regulators said on Tuesday, averting possible sanctions in a case sparked by multiple complaints from consumer groups in the bloc. The European Consumer Organisation (BEUC) in its 2021 complaint said TikTok, which has seen...
UK Watchdog to Review post-Brexit Visa and Mastercard Fees
Date: June 21, 2022
By Huw Jones LONDON (Reuters) -Britain’s payment systems regulator (PSR) will conduct two market reviews of card fees charged by Visa and Mastercard, the U.S. companies that account for 99% of debit and credit card payments in the UK. The PSR’s announcement on Tuesday follows heavy pressure from lawmakers to launch full market reviews to...
Insurance Watchdog Calls for pan-EU Policy Protection
Date: June 21, 2022
LONDON (Reuters) – Harmonised insurance protection schemes of last resort are needed across the European Union as consumers increasingly buy policies from outside their country, the bloc’s insurance regulator said on Tuesday. Petra Hielkema, chair of the European Insurance and Occupational Pensions Authority (EIOPA), said cross-border premiums have been steadily increasing over the past five...
Authentication Vs. Authorisation in the Sca Era
Date: June 16, 2022
By Shagun Varshney, Signifyd Senior Product Manager, Payment Optimisation, takes us through two different approaches to SCA, and what retailers can do to avoid the downsides of the new regulations. Since its enforcement in the UK in March, Strong Customer Authentication (SCA), designed to protect consumers and reduce the number of fraudulent orders for merchants,...