Consumer Rights and Protection Quiz

What is the main purpose of the Federal Trade Commission (FTC)?

• To enforce antitrust statutes and promote consumer protection

• To regulate international trade

• To manage national parks

• To oversee the stock market

Which act allows consumers to obtain one free credit report every year?

• Fair Credit Reporting Act

• Truth in Lending Act

• Fair Debt Collection Practices Act

• Fair and Accurate Credit Transactions Act

What does the Fair Debt Collection Practices Act (FDCPA) protect consumers from?

• Improper debt collection activities

• False advertising

• Identity theft

• Unsolicited telemarketing calls

What is the purpose of the Real Estate Settlement Procedures Act (RESPA)?

• To manage national parks

• To regulate the stock market

• To enforce antitrust laws

• To prohibit deceptive practices in real estate transactions

Which law protects consumers against deceptive or unfair practices by banks?

• Consumer Product Safety Act

• Fair Debt Collection Practices Act

• Fair Credit Reporting Act

• Truth in Lending Act

What does the National Do Not Call Registry (DNCR) aim to prevent?

• Unsolicited telemarketing calls

• False advertising

• Improper debt collection

• Identity theft

What is the role of the National Highway Traffic Safety Administration (NHTSA)?

• To regulate international trade

• To enforce consumer safety laws regarding automobiles

• To oversee the stock market

• To manage national parks

What is a design defect in product liability?

• When a product is inherently unsafe

• When a defect occurs during the production process

• When a product is advertised for improper use

• When a product is sold without a warranty

Which act prohibits unsolicited faxes?

• Telephone Consumer Protection Act

• Fair Debt Collection Practices Act

• Fair Credit Reporting Act

• Truth in Lending Act

What does the Health Insurance Portability and Accountability Act (HIPAA) protect?

• Consumers' protected health information

• Consumers' credit scores

• Consumers' real estate transactions

• Consumers' automobile safety