Explore tens of thousands of sets crafted by our community.
Consumer Protection Laws
20
Flashcards
0/20
Consumer Product Safety Act (CPSA)
Establishes the Consumer Product Safety Commission and authorizes the commission to set safety standards for consumer products to reduce the risk of injury.
Credit CARD Act of 2009
Aims to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, including the protection from certain interest rate increases.
Magnuson-Moss Warranty Act
A federal law that governs warranties on consumer products, ensuring that manufacturers and sellers provide clear and detailed warranty information.
Fair Credit Reporting Act (FCRA)
Enhances the accuracy of credit reports and allows consumers to dispute and correct information that is incomplete or inaccurate.
Equal Credit Opportunity Act (ECOA)
Prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or because they receive public assistance.
Truth in Lending Act (TILA)
Aims to promote informed use of consumer credit by requiring disclosures about terms and cost, it also includes rights for consumers and standardizes billing practices.
The Gramm-Leach-Bliley Act (GLBA)
Also known as the Financial Services Modernization Act of 1999, it requires financial institutions to explain their information-sharing practices to their customers and to safeguard sensitive data.
Dodd-Frank Wall Street Reform and Consumer Protection Act
Provides stringent financial regulatory measures to reduce risks in the financial system, including the establishment of the Consumer Financial Protection Bureau (CFPB).
Fair Debt Collection Practices Act (FDCPA)
Prohibits deceptive, abusive, and unfair debt collection practices, and provides consumers with an avenue for disputing and obtaining validation of debt information.
Electronic Fund Transfer Act (EFTA)
Provides consumers with rights and responsibilities when transferring funds electronically, including transfers through ATMs, point-of-sale terminals, and online banking services.
Real Estate Settlement Procedures Act (RESPA)
A consumer protection statute focused on the disclosure of estimated settlement costs, and mandates that borrowers receive disclosures at various times in the transaction and outlaws kickbacks that increase the cost of settlement services.
Lemon Laws
State laws that provide remedies for consumers of cars and other consumer goods in order to compensate for products that repeatedly fail to meet standards of quality and performance.
Identity Theft and Assumption Deterrence Act
Makes identity theft a federal crime, establishes penalties for thieves, and provides consumer rights to victims of identity theft.
Children's Online Privacy Protection Act (COPPA)
Restricts the collection of personal information from children under the age of 13 by operators of internet websites and online services.
National Traffic and Motor Vehicle Safety Act
Authorized the federal government to set and administer new safety standards for motor vehicles and road traffic safety.
Telephone Consumer Protection Act (TCPA)
Restricts telemarketing calls and the use of automated telephone equipment, and requires businesses to honor the National Do Not Call Registry.
Fair and Accurate Credit Transactions Act (FACTA)
An amendment to the Fair Credit Reporting Act that is aimed at enhancing consumer protections, including provisions to help reduce identity theft.
Fair Credit Billing Act (FCBA)
A United States federal law designed to protect consumers from unfair billing practices and to provide a mechanism for addressing billing errors in credit card accounts.
Consumer Leasing Act
Amends the Truth in Lending Act to provide consumers with a uniform and meaningful disclosure of terms regarding personal property leases.
Food, Drug, and Cosmetic Act (FDCA)
Grants the Food and Drug Administration (FDA) authority to oversee the safety of food, drugs, and cosmetics.
© Hypatia.Tech. 2024 All rights reserved.