Evaluate the role of the Competition and Consumer Protection Commission (CCPC). - Leaving Cert Business - Question 1(B) - 2021

As the statutory body responsible for enforcing consumer laws, the CCPC issues compliance notices and conducts on-the-spot fines. They also maintain a publicly accessible Consumer Protection list that catalogs businesses found to be violating consumer laws, ensuring that consumers are protected from dishonest practices.

The CCPC provides advice to the Government on crucial consumer issues. They recommend actions when they identify areas where consumers might require additional protection, thereby influencing legislation to enhance consumer rights.

The CCPC engages in extensive research regarding consumer behavior. This research informs their advice on how consumers can optimize their purchasing habits or obtain better value for money, such as by highlighting how to switch electricity suppliers.

The CCPC offers various educational resources for consumers, aimed at aiding them in making informed financial decisions. Their tools include financial calculators and educational quizzes to enhance consumer understanding of financial products.

The CCPC monitors businesses in the market, particularly during mergers and acquisitions in Ireland. They ensure that such transactions do not lead to a reduction in competition, indicating their role in safeguarding the interests of consumers.

Overall, the CCPC plays a multifaceted role that is essential for consumer protection, ensuring that consumers are informed, that laws are enforced, and that they receive necessary support for making informed choices. Their ability to advise the government and conduct research further enhances their effectiveness in advocating for consumer rights.