EU unveils new consumer protection rules for digital economy

The EU launched the “New Deal for Consumers” aimed at reining in “rogue traders and online tricksters.”

“The new rules will increase protection for consumers in (the) digital world, which they rightly deserve,” said EU Commissioner for Values and Transparency Vera Jourova.

She urged EU member states to adopt the new rules “without delay.” EU countries have up to two years to adopt the rules.

The new rules:

• Ban traders from using automated bots to buy tickets for concerts or sporting events in bulk in order to sell them at an inflated price.
• Ban traders from placing fake consumer reviews on their websites.
• Inform consumers if an offered price is the result of browsing patterns and higher than other offers provided within a 30 day period.
• Ensure price reductions are genuine by forcing traders to show the price given 30 days prior.

The new rules also set out penalties for those who violate them. EU Commissioner for Justice Didier Reynders said fines would amount to at least 4% of annual turnover.

Read more via DW