US developments in the timeshare sector
The United States' Federal Trade Commission (FTC) has recently launched a vast crack down on unlawful practices in the area of Travel and Timeshare. This sector is of grave concern to US authorities with fraud complaints rising from 15.744 to 21.717 in the past two years.
The FTC held a press conference yesterday and announced the various actions to be undertaken, including civil and criminal prosecutions carried out by each of the 50 states of the US and numerous federal agencies.
In the EU, buyers of timeshare are protected by a newly adopted Directive 2008/122/EC which came into force in February 2011. The European Consumer Centres (ECC) also offer free consumer advice and support to consumers on timeshare. Useful tips on how to prevent being trapped by unlawful trader and other information on timeshare can be found on the ECCs websites. ECC contact points can be found in the 27 EU countries as well as in Norway and Iceland.
For further information:
- United States' Federal Trade Commission
- EU Directive on timeshare
- European Consumer Centre Network
- EU top tips on timeshare