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Financial Regulation Unit Briefing February 2019Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Act 2018 widens the scope of Ireland's credit servicing regime On 21 January

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What is consumer protection regulation of?

Consumer protection regulation is designed to ensure that consumers are treated fairly and have their rights protected when purchasing goods or services.

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Businesses and companies that sell products or services to consumers are required to comply with consumer protection regulations.

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The purpose of consumer protection regulations is to establish standards for fair business practices, protect consumers from fraud or unfair treatment, and ensure transparency in consumer transactions.

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Information that may need to be reported on consumer protection regulations include details about the business, any warranties or guarantees offered, contact information for consumer complaints, and information on dispute resolution mechanisms.

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