The Competition and Consumer Protection Commission (CCPC) chairman Brian McHugh emphasized the need for stronger powers, stating, 'We do think punishments for consumer protection breaches need to be stronger and broader.' He pointed out that the current fines, which can reach up to €5,000, are insufficient to deter major retailers from breaching pricing laws. This highlights a significant gap in regulatory effectiveness when it comes to protecting consumers during major sales events like Black Friday.
Mr McHugh indicated that the CCPC is actively seeking additional powers to ensure consumer protection law is aligned with competition and data protection laws. He remarked, 'We have looked for and continue to look for us to get additional powers to bring consumer protection law into line with competition law... where there are powers to fine companies millions or tens of millions of euro.' This suggests a push for more stringent regulatory measures.
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