Watchdog Urges Lawmakers To Pass Cooling-off Law
"); jQuery("#212 h3").html("

"); });
2019-11-03 HKT 11:51
The head of the Consumer Council, Gilly Wong, says she hope that disputes in the Legislative Council will not prevent the passage of a bill to protect people who sign contracts with fitness or beauty companies.
Under the proposed legislation, people who sign contracts with companies in the two sectors would be given a cooling-off period allowing them to change their minds. It follows complaints of high-pressure sales tactics and expensive contracts that are hard or impossible to cancel.
"We are still cautiously optimistic about the possibility to have the cooling-off period legislated," Wong said. "The reason being that it is related to the affairs of the public, and many consumers, when they purchase beauty and health club services, have been encountering different levels of malpractice.
"No matter how severe the protests are right now, we believe life goes on and people will continue to consume. It is very important to provide them with the right level of protection."
Lawmakers have begun preliminary work on the law, but if a bill isn't passed by the time Legco's term ends next year, all Legislative Work will go back to square one.
Legco's work has slowed amid disputes over the government's failure to meet the demands of protesters who've taken to the streets in the past five months, and pan-democrats have engaged in delaying tactics in the legislature.
Some committees, including the agenda-setting House Committee, have yet to select their chairs.
XTransfer Partners With Bank SinoPac HK To Expand Cross-Border Payment Services
XTransfer has entered into a collaboration with Bank SinoPac, through its Hong Kong Branch, to expand international ope... Read more
Standard Chartered To Launch Bitcoin And Ethereum Custody Services By 2026
Standard Chartered Bank (Hong Kong) participated in Hong Kong Fintech Week 2025 (HKFTW25) as a strategic partner, annou... Read more
HashKey And Kraken Form Partnership On Institutional Tokenised Assets
HashKey and Kraken have announced a strategic partnership to promote institutional adoption of tokenised assets. The co... Read more
Reap Expands Global HQ With New Office In Hong Kong
Reap, a global fintech company providing stablecoin-enabled financial infrastructure, has expanded its global headquart... Read more
HeyMax Debuts In Hong Kong, Partnering With Cathay To Drive Regional Growth
Loyalty and travel rewards platform HeyMax has made its first international launch in Hong Kong, partnering with Cath... Read more
