The emergence of e-commerce, digital payment gateways and global supply chains have led to easy access to large variety of goods and services across the globe for consumers. S.O. The Dodd-Frank Wall Street Reform and Consumer Protection Act is a massive piece of financial reform legislation that was passed in 2010, during the Obama administration. 1) Act 2019: An Act relating to competition, fair trading and consumer protection, and for other purposes The new law, notified on Aug. 9, repeals the three-decade old Consumer Protection Act, 1986. On the historic day of 20th July 2020, certain provisions of the new legislation came into force, with stricter penalties and better enforcement. Act No. (a) Enforcement by Commission.— (1) U NFAIR OR DECEPTIVE ACTS OR PRACTICES.—A violation of section 3 shall be treated as a violation of a rule defining an unfair or deceptive act or practice prescribed under section 18(a)(1)(B) of the Federal Trade Commission Act (15 U.S.C. Notification No. The Consumer Protection Act, 2019 (New Act). 57a(a)(1)(B)). Consumer Protection Act, 2019 is a law to protect the interests of the consumers. 2351(E) dated 15th July 2020 . It was passed by Lok Sabha on 30 July 2019 and later passed in Rajya Sabha on 6 August 2019. With a view to enhance consumer rights in a digital economy, expand the scope of grievances consumers can complain against and ease the process of filing complaints, the government has introduced the Consumer Protection Act, 2019. The amendment of 2019 to the Consumer Protection Act came after thirty-three years of the act being passed. Comparative Analysis of Consumer Protection Act: 1986 and 2019. Most of the provisions of this act came into force from 20 th July 2020 . The 2019 act replaces the erstwhile Consumer Protection Act, 1986. In an attempt to fill the prevailing lacuna in the consumer protection system, the Consumer Protection Act, 2019 was passed by the legislature and duly received presidential assent on 9th of August 2019. Consumer Protection Act 2019: There is an establishment of Central Consumer Protection Authority. Technology has progressed a lot in these years and while the older act tried to … The Consumer Protection act, 2019 was introduced in the Lok Sabha on 8 July 2019 by the Minister of Consumer Affairs, Food and Public Distribution, Ram Vilas Paswan. The Ministry of Consumer Affairs, food and public distribution on 15 July 2020 notified the passed Consumer Protection Bill, 2019 to replace the long-existing Consumer Protection Act, 1986. 51 of 1974 as amended, taking into account amendments up to Treasury Laws Amendment (2019 Measures No. There has been enormous transformation in the business and commerce space in the last three decades.