Blake Bower’s Post

Officially the Digital Markets, Competition and Consumers Act 2024! An honour to be part of this journey, loads to look forward to in Competition Policy. #DMCCBill #DMCCAct #CompetitionPolicy #mergercontrol #antitrust #digitalmarkets #CMA https://lnkd.in/g_72ardC

A brief summary of the changes being introduced by the Digital Markets Competition and Consumers Act 2024 which may be of interest to anyone working in tech or consumer facing sectors. https://lnkd.in/e84d-iUN

🚀 Exciting news! The Digital Markets, Competition and Consumers Act 2024 has officially received Royal Assent. This groundbreaking legislation introduces a new pro-competition regime for digital markets, empowering the CMA with enhanced investigatory and enforcement powers. It also amends key aspects of mergers, markets, and antitrust laws, and boosts cooperation with overseas regulators. Notable amendments include a new regime for newspaper mergers involving foreign powers and technical updates to the digital markets regime. This Act marks a significant step forward for competition and consumer protection in the digital age! #DigitalMarkets #CompetitionLaw #ConsumerProtection #CMA https://lnkd.in/eJExA53A

Did you miss Felicity Forward and Joel Murphie's webinar on subscription contracts and how the Digital Markets, Competition and Consumers Bill will affect them? If you did, then please catch up on it here. Shoosmiths #consumerlaw #consumerprotection #commerciallaw

It's incredible how swiftly the year is moving, and here we are already in May - I am thankful for life and for another opportunity to reset and refresh our financial strategies. This is a pivotal month to elevate our understanding of financial literacy and the crucial role of consumer protection. I am encouraging you all to deepen your knowledge and ensure you’re not only managing your finances well but also safeguarding your rights in the financial marketplace. But maybe your saying “Eman why is this important?” And put simply consumer protection is all about the laws and safeguards that ensure you, as a consumer, are treated fairly by businesses and not misled by advertisements, contracts, or sales tactics. It's about making the marketplace fair and safe for everyone. Let me give you a hypothetical example, suppose you are buying a new smartphone and the advertisement promises a significant discount on your next bill if you switch to a certain network. However, after switching, you find out the discount only applies under specific conditions that weren't clearly stated in the ad. Consumer protection laws help ensure that all promotional terms are clearly disclosed, protecting you from such misleading claims. Knowing your rights as a consumer is crucial. It enables you to navigate the market more effectively, understand the fine print of agreements, and avoid falling prey to deceptive practices. The start of May is a good time for us to reassess and reinforce our financial practices, ensuring that our engagements are secure and our decisions well-informed. What steps are you going to be taking this month to ensure your financial strategies align with your rights as a consumer? 🙏🏾❤️ P.S. If you want me to give you a practical suggestions of things you could do this month let me know and I’ll share in the comments #FinancialLiteracy #ConsumerProtection #EmpoweredConsumer #MayFinancialGoals

📣 #Temu As anticipated yesterday by the press, today the European Commission has opened formal proceedings to assess whether Temu may have breached the #DigitalServicesAct in areas linked to the sale of illegal products, the potentially addictive design of the service, the systems used to recommend purchases to users, as well as data access for researchers. More specifically, the investigation will focus on: ➡️ The systems Temu has in place to limit the sale of non-compliant products in the EU. Among others, it concerns systems designed to limit the reappearance of previously suspended rogue traders, known to have been selling non-compliant products in the past, as well as systems to limit the reappearance of non-compliant goods. ➡️ The risks linked to the addictive design of the service, including game-like reward programmes, and the systems Temu has in place to mitigate the risks stemming from addictive design. ➡️ The compliance with the DSA obligations linked to how Temu recommends content and products to users. This includes the requirement to disclose the main parameters used in Temu's recommender systems and to provide users with at least one easily accessible option that is not based on profiling. ➡️ The compliance with the DSA obligation to give researchers access to Temu's publicly accessible data. Temu would face liability under the #DSA if the Commission's suspicions were proven correct. The Commission will now carry out an in-depth investigation as a matter of priority. Ecommerce Europe and its national association members have been following this process very closely, in line with the campaign that was jointly launched in June 2024 for a level playing field and an effective enforcement of EU rules towards all #ecommerce players active in the EU, no matter where they are based. More info on our initiative can be found here 👇 https://lnkd.in/dha8dDyu Read more also on the Commission's website 👇 https://lnkd.in/ezsBaRBe #LevelPlayingField #ecommerce

Consumer behavior is undergoing a seismic shift, one that threatens to leave behind financial services brands clinging to outdated norms. We are at the dawn of the “experience age,” where captivating experiences trump mere information overload - Written by Sam Page, Co-Founder and CEO of digital agency 7DOTS. #FinancialServices

In one hour on #LinkedInLive! "Consent or Pay: The EDPB weighs in" features IAPP's Joe Jones alongside EDPB's Diletta De Cicco discussing the 17 April European Data Protection Board opinion. The opinion addresses the validity of consent to process personal data for the purposes of behavioral advertising in the context of consent-or-pay models deployed by large online platforms. Understand more when you register and attend: https://bit.ly/4d6xgQ3

Pleasing to see the government set out timetable for implementation of the Digital Markets, Competition and Consumers Act. It's important these new Competition and Markets Authority powers are put to use as soon as possible to bring greater competition to digital markets https://t.co/NPXPdyJaNq

When does persuasion cross the line into manipulation? 🔉 Unmute to hear Head of Commercial & Digital James Sarjantson describing how Wowcher's tactics encouraged customers to act against their best interests, leading to enforcement action by the Competition and Markets Authority (CMA). With the new Digital Markets, Competition and Consumers Act significantly strengthening the CMA’s enforcement powers, compliance with consumer protection laws is now more crucial than ever, especially for online businesses. Catch the full webinar, delivered as part of this year’s Leeds Digital Festival, to learn more: https://lnkd.in/epUViTEb #DigitalMarketsAct #ConsumerProtection #B2C #Ecommerce #LawFairSquare