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Consumer protection laws are designed to ensure fair competition and the free flow of truthful information in the marketplace. The laws are designed to prevent businesses that engage in fraud or specified unfair practices from gaining an advantage over competitors and may provide additional protection for the weak and those unable to take care of themselves. Consumer Protection laws are a form of government regulation which protects the interests of consumers. For example, a government may require businesses to disclose detailed information about products—particularly in areas where safety or public health is an issue, such as food. Consumer protection is linked to the idea of "consumer rights" (that consumers have various rights as consumers), and to the formation of consumer organizations which help consumers make better choices in the marketplace. Consumer is defined as someone who acquires goods or services for direct use or ownership rather than for resale or use in production and manufacturing. Consumer interests can also be protected by promoting competition in the markets which directly and indirectly serve consumers, consistent with economic efficiency, but this topic is treated in Competition law. Consumer protection can also be asserted via non-government organizations and individuals as consumer activism. From Wikipedia under the
GNU Free Documentation License There will be a new consumer protection agency being created? Q. To oversight big bank in order to protect consumers from being charged humongous charges on their credit cards/loans etc and also making it harder for anyone with bad credit to get a loan from a commercial bank So the question is do you welcome this consumer protection agency or do you think its useless Asked by Awesome - Fri Jun 25 18:43:41 2010 - - 1 Answers - 0 Comments A. Oooo, I feel so good! Another large govt bureaucracy who is there "to help". Two very scary words when coming from the government. Answered by Nikki - Fri Jun 25 18:58:59 2010 Conservatives, how to you feel about Obama passing consumer protection against Wall Street? Q. So corporate welfare will never be possible again, and shouldn't have been done in the first place. Asked by unknown - Thu Jul 22 21:20:19 2010 - - 9 Answers - 0 Comments A. Rules are made to be broken. Especially when raising money for elections. Answered by Justin Case - Thu Jul 22 21:28:56 2010 How does the Consumer Protection Act protect consumers right?
Q. How does the Consumer Protection Act protect consumers right? Asked by swathi r - Fri Jan 18 23:05:02 2008 - - 3 Answers - 0 Comments A. The Consumer Protection Act, 1986 was enacted for better protection of the interests of consumers. All the provisions of the Act have come into force from 1 July 1987. The Act was amended in 1991 and 1993. To make the Consumer Protection Act more functional and purposeful, a comprehensive amendment was carried out in December 2002 and brought into force from 15 March 2003. As a sequel, the Consumer Protection Rules, 1987 were also amended and notified on 5 March 2004. The salient features of the Act are: (I) it applies to all goods and services unless specifically exempted by the Central Government; (ii) it covers all the sectors whether private, public, and cooperative or any person. The provisions of the Act are compensatory as well as… [cont.] Answered by sb - Mon Jan 21 02:36:21 2008 From Yahoo Answer Search: "consumer protection"  video.google.com Sun, 06 Jan 2008 09:28:59 PST Questionable business opportunity firm from out of states cancels when confronted by Glen Loyd and other Consumer Protection officials. video.google.com.  time.com Mon, 02 Aug 2010 23:30:00 PDT That's the conclusion of a new study, which shows the downside of the new consumer-protection rules ... dot tarmac travel ... time.com.  money.cnn.com Tue, 17 Aug 2010 00:00:00 PDT Citigroup Chairman Dick Parsons and Guggenheim Partners' Alan Schwartz discuss how the new consumer protection agency will affect banks and ... money.cnn.com. From Google Video Search: "consumer protection"  chesterfieldobserver.com Wed, 25 Aug 2010 14:53:16 GMT+00:00 workshop for seniors Chesterfield Observer (subscription) Congressman J. Randy Forbes is hosting a consumer protection workshop for senior citizens on Wednesday, Sept. 1, from 10- 11:30 am at the John Tyler ...  readme.readmedia.com Thu, 26 Aug 2010 13:57:33 GMT+00:00 ReadMedia (press release) "Following the Consumer Protection Board's safety tips for Social Security numbers can help consumers reduce the risk that they will fall victim to identity ...  politico.com Fri, 27 Aug 2010 08:41:18 GMT+00:00 Politico (blog) When you think about consumer protection , you think about rap music, right? Probably not, which is why Ryan Anthony Lumas's video (created by the ... From Google News Search: "consumer protection"  oppaga.state.fl.us 400px x 534px | 9.00kB [source page] From Yahoo Image Search: "consumer protection"  thecarconnection.com unknown Wed, 23 Jun 2010 15:55:00 GM American auto dealers were dealt a winning hand yesterday as the US House of Representatives agreed to exclude auto loans from an upcoming . consumer protection. bill. A competing bill from the Senate has similar language, and the two are ... From Google Blog Search: "consumer protection" |
