Banking Service Chronicle

Banking Service Chronicle

Consumer Protection Bill

Banking Service Chronicle Minister of State for Consumer Affairs CR Chaudhary said that the Consumer Protection Bill-2018 would be passed in the coming Winter Session of Parliament. the legislation will he helpful in protecting consumer rights. To promote, protect, and enforce consumer rights, the Bill has the provision to set up a regulatory body. Banking Service Chronicle known as the Central Consumer Protection Authority (CCPA). [his Authority can also pass orders to prevent unfair and restrictive trade practices, such as selling goods not complying with standards. There is a provision of hefty penalty against those involved in misleading advertisements bsc magazine.