The European Commission proposed caps on interest rates for consumer credit agreements and a ban on bundling practices as part of tougher consumer credit rules following the surge in online shopping during COVID-19 lockdowns and the rise of digital lenders.
EXCLUSIVE / Digital services that collect users’ data, like Facebook and Gmail, will be pulled under EU consumer protection rules as part of a European Commission overhaul due next month. Possible sanctions will be raised to up to 4% of a company's turnover.
The new legislation approved by European Parliament requires websites to sell their goods throughout the EU regardless of the country the buyer resides in. It could apply to online cultural content like music streaming and ebooks within two years. EURACTIV.fr reports
Twenty-seven e-commerce companies and lobby groups have asked the European Commission to change a draft proposal to regulate payment services, arguing that additional security measures will drive shoppers away from online platforms.
One-and-a-half years after the European Commission proposed a string of new laws aimed at making it easier for e-commerce businesses to sell and for customers to buy across the EU, negotiations on those bills are trudging ahead at different speeds.
Europe's top court will begin a landmark case today (30 March) that could determine whether luxury goods companies can stop retailers from selling their products via marketplaces such as Amazon or eBay.