Consumer Protection Laws Overview
Flashcard
•
Other
•
9th - 12th Grade
•
Practice Problem
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
What is the main goal of consumer protection laws?
Back
To protect buyers from fraud and unsafe products
2.
FLASHCARD QUESTION
Front
Which federal agency mainly enforces consumer protection laws?
Back
FTC
3.
FLASHCARD QUESTION
Front
Which act requires lenders to clearly explain loan terms and interest rates?
Back
TILA
4.
FLASHCARD QUESTION
Front
What does the Fair Packaging and Labeling Act ensure?
Back
Clear and honest product labeling
5.
FLASHCARD QUESTION
Front
What does the FDCPA protect against?
Back
Harassment by debt collectors
6.
FLASHCARD QUESTION
Front
Consumer protection laws exist to help sellers make more profit.
Back
False
7.
FLASHCARD QUESTION
Front
The Truth in Lending Act (TILA) helps borrowers understand the cost of credit.
Back
True
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