Question

List three important laws that define consumer rights.

Answer 1

Here are three important laws that define consumer rights:

1. **The Consumer Product Safety Act (CPSA)**: Enacted in 1972 in the United States, this law established the Consumer Product Safety Commission (CPSC), which is responsible for regulating the safety of consumer products. The CPSA aims to protect the public from unreasonable risks of injury or death associated with consumer products and to promote the awareness of product safety.

2. **The Fair Credit Reporting Act (FCRA)**: This U.S. law, enacted in 1970, governs the collection, dissemination, and use of consumer information, including consumer credit information. It aims to ensure accuracy, fairness, and the privacy of personal information contained in the files of consumer reporting agencies. It also provides consumers with the right to access their credit reports and dispute inaccuracies.

3. **The Federal Trade Commission Act (FTC Act)**: Established in 1914, this law created the Federal Trade Commission (FTC) and aims to protect consumers from unfair or deceptive acts or practices in commerce. It covers a wide range of consumer protection issues, including false advertising, data privacy, and promotional practices, ensuring fair competition and consumer rights in the marketplace.

These laws collectively work to protect consumers from harm, ensure fair treatment, and uphold their rights in various transactions.