New powers to fine firms that exploit consumer loyalty

BEIS Minister, Greg Clark has announced plans to give the CMA new powers to fine firms that exploit consumer loyalty. The government has confirmed it will consult on giving the Competition and Markets Authority (CMA) new powers to decide itself whether consumer law has been broken, without having to go through the courts as is currently the case. New powers would enable the CMA to intervene earlier and more quickly to tackle these failings and would include being able to directly impose fines on firms for poor business behaviour.

GO TO WEBSITE +