Technology and Consumer Protection: Unintended Consequences
Publication Title
Los Angeles Lawyer
Document Type
Popular Press
Publication Date
2023
Abstract
A recent Restatement of the Law of Consumer Contracts relies upon caselaw containing not a single instance of touching or tapping on a tablet or smartphone screen.
In recent years, financial institutions have used advances in technology to make dramatic changes in the consumer payment landscape and electronic commerce. Consumers have largely welcomed new payment services such as to peer-to-peer payments (P2P), new devices—such as smart phones—to make payments, and new types of “money,” such as cryptocurrencies and other blockchain assets. However, when the financial services industry develops a new product or service, fraudsters inevitability find ways to scam consumers. With their skills and sophistication, fraudsters have specifically targeted some payment products such as P2P.
Recommended Citation
Mark E. Budnitz, Technology and Consumer Protection: Unintended Consequences, L.A. Law., Dec. 2023, at 28.
Institutional Repository Citation
Mark E. Budnitz,
Technology and Consumer Protection: Unintended Consequences,
Faculty Publications By Year
3533
(2023)
https://readingroom.law.gsu.edu/faculty_pub/3533
Volume
46
First Page
28
Last Page
33
Comments
External Links
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