Consumer Protection Code

Raging Bull

Registered User
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I will put it here since the FSO normally investigates breaches of it.

What would people think of in a financial transaction if it was materially breached the Consumer protection Code.

Certainly per High court Zurich V McConnon a contract is not rendered void by breaching it.

The thing is the act is there to protect consumers and if a financial instiution chooses to ignore it by not implementing it fundamentally there is in my view a very strong case for a cause of negligence if controls and systems were deficient and fundamental breach of duty of care

What do people think?
 
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