Monday, May 23
European Banking Authority’s proposed online shopping regulations will do more harm than good

The EBA recently announced that it would be pursuing a new set of regulations revolving around online shopping, in the hopes that, when implemented, consumers who shop online will feel much more confident regarding their own financial security.

Despite extolling the benefits these new regulations would bring, retailers and other groups quickly came forward with their fears that the unnecessary piece of legislation would bring the growing online commerce sector to a grinding halt.