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10 Cards in this Set
- Front
- Back
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Primary role of the Federal Trade Commission |
Responsible for Consumer Protection |
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What is deceptive advertising |
Expressly faults statement |
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What can the FTC require a business to do if the businesses engage in deceptive advertising |
Cease and desist letter requiring the business to stop the advertising Engage in corrective advertising disgorge the profits it made as a result of deceptive advertising |
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Explain the bait and switch tactic |
Advertising brings you in and they persuade you to buy other products |
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With regard to door-to-door sales what is the cooling-off period |
Three days |
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In 2010 Congress created the Consumer Financial Protection Bureau what is the purpose of the CFPB |
Protect consumers by enforcing Federal Consumer Financial laws and regulations |
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Discuss briefly some protections provided to Debtors by the fair debt collection practices act |
Restricts debt collectors from certain practices in attempting to collect debt |
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Regulation Z |
Requires the lender disclosed to the consumer the financial charge and the annual percentage rate |
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CARD Act |
Credit card accountability and disclosure act requires credit card companies to disclose information such as how much total interest a consumer will pay if the consumer only make the minimum payment each month |
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Discuss some of the purposes of the consumer product safety act a set forth by Congress |
To protect the public against unreasonable risks of injury associated with consumer products and to develop uniform safety standards and promote research and investigation |
