Consumer Protection

Agencies, organizations, and laws like Truth in Lending, FDA, and the BBB are designed to protect...

• businesses

• consumers

• the environment

• the government

This law limits the fees and regulates the marketing practices of credit card companies.

• Credit CARD Act

• Fair Credit Practice Act

• Truth in Lending Act

• Safe Credit Use Act

Which agency tests food, drugs, and other products?

• Food and Drug Administration (FDA)

• Federal Trade Commission (FTC)

• Federal Communications Commission (FCC)

• Better Business Bureau (BBB)

What organization rates companies on a scale of A+ to F to help consumers know which businesses to trust and depend on?

• Better Business Bureau (BBB)

• Federal Communications Commission (FCC)

• Consumer Financial Protection Bureau (CFPB)

• Food and Drug Administration (FDA)

Which organization regulates things like telephones, radio, tv, etc?

• Federal Communications Commission (FCC)

• Federal Trade Commission (FTC)

• Consumer Product Safety Commission (CPSC)

• Consumer Reports 

Which organization may issue recalls to protect the public from dangerous products?

• Consumer Product Safety Commission (CPSC)

• Consumer Financial Protection Bureau (CFPB)

• Federal Communications Commission (FCC)

• Virginia Office of Consumer Affairs

What organization insures bank accounts up to $250,000?

• FICO

• FDIC

• NCUA

• FDA

What organization insures accounts at credit unions up to $250,000?

• FICO

• FDIC

• NCUA

• FDA

What act protects consumers from unfair loaning practices and requires institutions to be honest about fees and interest rates for loans?

• Truth in Lending Act

• Truth in Advertising Laws

• Credit CARD Act

• Fair Credit Reporting Act

Your rights as a consumer are protected under the...

• Consumer Bill of Rights

• Constitution

• Declaration of Independence

• Bill of Rights