An Analytical Examination of Mexico’s Consumer Protection Law of 1976

Summary:

The Consumer Protection Law of Mexico (LFPC) was enacted in 1976, setting a pivotal stage for consumer rights and welfare in the country. The legislation defines consumer rights, including the right to information, education, and fair treatment, and establishes the Federal Consumer Prosecutor's Office (PROFECO) as the responsible agency for enforcement. The LFPC also provides dispute resolution mechanisms, such as arbitration and judicial remedies. However, the legislation has shown limitations in addressing modern market dynamics, particularly in the digital space, with regulatory gaps emerging in areas of online trading and digital contracts.