The Federal Law for Protection of the Consumer 1992- Strengths and Areas for Improvement

Summary:

The Federal Law for Protection of the Consumer 1992 is a legislative document aimed at enhancing consumer protection in Mexico. This brief highlights its key strengths and weaknesses. The law's strengths include its holistic approach to consumer protection, incorporating detailed rights and obligations, as well as its expanded regulatory power, allowing for more stringent enforcement. However, the law's weaknesses include its procedural complexity, making it difficult for average consumers to navigate, and its lack of digital readiness, failing to address challenges posed by the digital marketplace. Overall, the law introduced necessary improvements, but there are still gaps that need to be addressed.