consumer-protection
BankingBanks Will Need New Cybersecurity Muscles to Protect Consumers in the Metaverse
Top StoriesWhatsApp Has Until July to Comply With EU Consumer Law, EU Says
Top StoriesCanada’s Move to Bulk up Antitrust Muscle May Miss Root of Problem
Top StoriesDefeat Device Car Owners Can Claim Damages – EU Court Adviser
Edf Should Sell More Cheap Power to Rivals to Cap Price Hikes -Regulator
Date: June 1, 2022
By Benjamin Mallet PARIS (Reuters) – French utility EDF should sell more cheap nuclear power to rivals next year to keep a lid on soaring electricity prices, the country’s energy regulator said on Wednesday in a move that piles more pressure on the state-owned utility. The regulator said the government should set the amount of...
EU Makes Plans to Tackle Energy Price Spikes, Any Russian Gas Cut-Off
Date: May 18, 2022
BRUSSELS (Reuters) – The European Union can limit the impact of high energy prices through joint gas purchases, potential use of windfall profits and a possible price cap if Russia cut gas supplies, the European Commission said on Wednesday. European energy prices hit record highs this year after the invasion of Ukraine by Russia, Europe’s...
UK Regulator Wants Quarterly Consumer Energy Price Cap Adjustments
Date: May 16, 2022
(Reuters) – Britain’s should adjust the price cap on energy prices paid by consumers every three months instead of every six months to better match price movements in the wholesale market, energy regulator Ofgem proposed on Monday. “Today’s proposed change would mean the price cap is more reflective of current market prices and any price...
European Power Cable Groups Face UK Class Action Over Cartel
Date: May 11, 2022
By Kirstin Ridley LONDON (Reuters) – Major European power cable suppliers face a London class action that is seeking hundreds of millions of pounds in damages over allegations that a cartel led to inflated electricity charges for at least 30 million consumers in Britain. The proposed lawsuit, made public on Wednesday, alleges that Italy’s Prysmian...
Overdraft Reform: A Guide to the Essential Elements Needed
Date: May 9, 2022
Banking fees are only part of the problem in the great overdraft debate By Joel Schwartz, Co-CEO, DoubleCheck Solutions Banking is a business, and its primary goal is making money. As a result, the ongoing overdraft debate has focused mainly on fees. As a result of the ongoing discussion, several banks have already reduced or...
With Apple Fight Ongoing, Dutch Watchdog Acm to Investigate Google Play Store Practices
Date: May 4, 2022
AMSTERDAM (Reuters) -The Netherlands Authority for Consumers and Markets (ACM) announced on Wednesday a preliminary investigation into Alphabet Inc’s Google for possible anti-competitive practices in its Play store. Tinder owner Match group had asked the regulator to assess whether Google is abusing a dominant position in the dating app market. “Dating-app providers allegedly are no...