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Today BEUC and nine of its members filed a complaint with the European Commission and consumer authorities against Instagram, YouTube, TikTok and Twitter for facilitating the misleading promotion of crypto assets.
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To tackle the underperformance of financial markets for consumers, the European Commission has proposed a partial ban on inducements to financial advisors in its Retail Investment Strategy (RIS) published today, by preventing financial retailers from charging consumers for advice where none was given.
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A dysfunctional market leads to poor choices and to consumers to disengage, impacting their pensions and savings
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Nowadays, bank robberies have become rare, as digitalisation allows for much easier ways to steel consumers’ money. Today, payment fraud mostly takes place online: data-stealing software is used to access banking data or consumers are tricked into sending money to fraudulent beneficiaries.