What are the main differences between EU and US consumer protection laws?
The EU has stricter consumer protection laws, focusing on consumer rights and safety, while the US laws are more business-friendly.
Can you give examples of specific laws in both regions?
Sure! The EU has the Consumer Rights Directive, which mandates clear information and a 14-day cooling-off period. In the US, the Fair Credit Reporting Act protects consumer information.
How do these laws affect online shopping?
In the EU, consumers have robust rights for returns and refunds, while in the US, policies can vary significantly by retailer.
Are there any recent changes in these laws?
Yes, the EU is continuously updating its regulations to enhance digital consumer rights, while the US is seeing more state-level initiatives.
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