Consequences Of Online Consumer Protection Policies On E-businessesE-commerce provides consumers with many benefits, including a convenient 24-hour global marketplace, but it also creates new opportunities for fraud, abuse, and invasion of privacy. Consequently, consumer protection policies have been implemented in order to boost consumers’ confidence and foster the development of e-commerce. The new consumer protection trends entail new obligations for e-businesses.
The following questions have been addressed in this article:In what respect does e-commerce challenge consumer protection policies?
Does the US have an international consumers protection policy?
Does the EU have an international consumers protection policy?
What entities are active regarding international consumer protection?
What are the consequences of these policies for e-businesses?