Monday May 25, 2020

Competition chief: We need new powers to hit rogue firms

Beefed-up sanctions would see companies face fines for breaking watchdog’s rules

3rd September, 2017
CCPC chairperson Isolde Goggin

Ireland’s consumer watchdog has demanded beefed-up powers that would allow her to hit companies with Apple-style financial penalties.

The Competition and Consumer Protection Commission (CCPC) is also planning a clampdown on cartels, pyramid schemes and mobile phone operators, and is warning consumers to beware of money-back mortgage offers being rolled out by banks.

CCPC chairperson Isolde Goggin said: “We would like the ability to have civil fines imposed, possibly even administrative fines where...

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