Bill to protect consumers gains steam

Amendment, proposed by MK Tirosh, would require vendors to give credit for the total value of any transaction legally canceled by a customer.

By NADAV SHEMER
July 14, 2011 02:04
1 minute read.
tirosh

tirosh. (photo credit: Channel 2)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

The Knesset Finance Committee approved the first reading of an amendment to the consumer-protection bill on Wednesday that ensures credit given for cancellation of a transaction is valid for two years.

The amendment, which was proposed by MK Ronit Tirosh (Kadima), would require vendors to give credit for the total value of any transaction legally canceled by a customer and require the credit to be printed clearly so as to ensure it is legible for the two-year period.

Be the first to know - Join our Facebook page.


RELATED:
Dairy Board warns against Finance Ministry plan
Tirosh bill saves most furry animals – but streimels prevail

Tirosh said she began working on the bill even before the recent passing of new regulations on what constitutes a canceled transaction.

“The main thing is to safeguard the value of the money invested by the consumer,” she said.

Committee chairman Carmel Shama-Hacohen (Likud) called the amendment “a consumer bill, which is supposed to offer recourse to the thousands of consumers who don’t use their credit because the expiry date has been reached or the print erased.”

Attorney Hanna Tiri, who represented the Industry, Trade and Labor Ministry, said the government supports the law, but business owners could not offer credit in the event that they are obligated to give a cash refund.

JPOST VIDEOS THAT MIGHT INTEREST YOU:


Hanit Avraham of the nonprofit organization Public Trust (Emun) and Shosh Rabinowitz of the Federation of Israeli Chambers of Commerce both spoke against the amendment, saying it would discourage business owners.

“This is likely to hit the consumers,” Avraham said, “because there are many business who give customers credit on a voluntary basis, and if they are bound by a series of limitations, they will choose not to give credit at all.”

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS