Answered Essay: What other areas are consumer protection laws needed?

What other areas are consumer protection laws needed?

Expert Answer

In order to get rid of deception and unfair practices while availing of paid services by service providers, the consumer’s protection law is needed. One of the major areas where consumer protection law is needed is for example , in the banking sector. It is required to ensure that while availing of sme credit facilities , there is no unfair charges or cost that has been incurred . The possibility of unfair practice here is more so because of the fact tha this is a service availed of by consumers mostly under strenous circumstances, where in the product provider feels that they may get away with unfair trade practices.

Another sector may be the medical profession wherein an individual as a patient and under the medical care of a clinical establishment must have his or her rights protected to ensure there is no deception and wrong practices.

Apart from th​is, other areas where the same may be applied could be food related services, insurance and travel amongst others.

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