Consumer Law and Policy Relating to Change of Circumstances Due to the COVID-19 Pandemic

An unprecedented number of consumer problems has been caused by the COVID-19 pandemic, not least with regard to refunds of prepayments and the ability of consumers to keep up their monthly payments under loan and rental agreements. Based on a notion of societal force majeure sketched in this paper,...

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Detalles Bibliográficos
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2020
Materias:
Short Communication
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7397452/
https://www.ncbi.nlm.nih.gov/pubmed/32836591
http://dx.doi.org/10.1007/s10603-020-09463-z
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description An unprecedented number of consumer problems has been caused by the COVID-19 pandemic, not least with regard to refunds of prepayments and the ability of consumers to keep up their monthly payments under loan and rental agreements. Based on a notion of societal force majeure sketched in this paper, we propose guiding principles in respect of the introduction of moratoria on recurring payments, the use of refunds or vouchers in respect of prepayments, and associated enforcement challenges. This analysis draws on experiences around the globe.
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spelling pubmed-73974522020-08-03 Consumer Law and Policy Relating to Change of Circumstances Due to the COVID-19 Pandemic J Consum Policy (Dordr) Short Communication An unprecedented number of consumer problems has been caused by the COVID-19 pandemic, not least with regard to refunds of prepayments and the ability of consumers to keep up their monthly payments under loan and rental agreements. Based on a notion of societal force majeure sketched in this paper, we propose guiding principles in respect of the introduction of moratoria on recurring payments, the use of refunds or vouchers in respect of prepayments, and associated enforcement challenges. This analysis draws on experiences around the globe. Springer US 2020-08-03 2020 /pmc/articles/PMC7397452/ /pubmed/32836591 http://dx.doi.org/10.1007/s10603-020-09463-z Text en © The Author(s) 2020 https://creativecommons.org/licenses/by/4.0/Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Short Communication
Consumer Law and Policy Relating to Change of Circumstances Due to the COVID-19 Pandemic
title Consumer Law and Policy Relating to Change of Circumstances Due to the COVID-19 Pandemic
title_full Consumer Law and Policy Relating to Change of Circumstances Due to the COVID-19 Pandemic
title_fullStr Consumer Law and Policy Relating to Change of Circumstances Due to the COVID-19 Pandemic
title_full_unstemmed Consumer Law and Policy Relating to Change of Circumstances Due to the COVID-19 Pandemic
title_short Consumer Law and Policy Relating to Change of Circumstances Due to the COVID-19 Pandemic
title_sort consumer law and policy relating to change of circumstances due to the covid-19 pandemic
topic Short Communication
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7397452/
https://www.ncbi.nlm.nih.gov/pubmed/32836591
http://dx.doi.org/10.1007/s10603-020-09463-z
work_keys_str_mv AT consumerlawandpolicyrelatingtochangeofcircumstancesduetothecovid19pandemic

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