The Federal Trade Commission (FTC) is a federal agency that enforces antitrust laws and protects consumers.
What consumer protection agency is known by the acronym FTC a federation of traders and consumers b Foreign Tariff Committee?
b. The Federal Trade Commission Act.
Is the FTC a consumer protection agency?
As the nation’s consumer protection agency , the FTC takes reports about scammers that cheat people out of money and businesses that don’t make good on their promises. We share these reports with our law enforcement partners and use them to investigate fraud and eliminate unfair business practices.
What consumer protection agency is known by the acronym FTC quizlet?
The right to a refund. Of the four consumer protection groups listed below, identify which groups are government agencies and which are non-governmental. II and IV are governmental; I and III are not. What consumer protection agency is known by the acronym FTC? Federal Trade Commission .
What are the 3 federal agencies that provide protection to consumers?
- Consumer Financial Protection Bureau (CFPB) This regulatory agency’s purpose is to protect consumers from deceptive financial products. ...
- Consumer Product Safety Commission (CPSC) ...
- Federal Trade Commission (FTC) ...
- Food and Drug Administration (FDA) ...
- National Highway Traffic Safety Administration (NHTSA)
What are the 8 basic rights of consumers?
| Sl.No Rights | 1 Right to be heard | 2 Right to Redress | 3 Right to Safety | 4 Right to Consumer Education/ Right to be Informed |
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What is the FTC email address?
For general information, or to submit a filing in an administrative litigation before an Administrative Law Judge or before the Commission, please contact [email protected] .
What is an example of FTC?
The Federal Trade Commission is divided into three bureaus that have different regulation and protection responsibilities. ... For example, the FTC might investigate whether a retail company has special agreements with a supplier that violates anti-trust law and gives them an unfair advantage over their competitors .
Who does the FTC Act apply to?
Section 5(a) of the Federal Trade Commission Act (FTC Act) (15 USC §45) prohibits “unfair or deceptive acts or practices in or affecting commerce.” This prohibition applies to all persons engaged in commerce, including banks .
Does filing a complaint with the FTC do anything?
The FTC cannot resolve individual complaints , but it can provide information about what steps to take. The FTC says that complaints can help it and its law enforcement partners detect patterns of fraud and abuse, which may lead to investigations and stopping unfair business practices.
Which two consumer rights would customers?
in the Consumer Bill of Rights. Consumers are protected by the Consumer Bill of Rights. The bill states that consumers have the right to be informed, the right to choose, the right to safety, the right to be heard, the right to have problems corrected, the right to consumer education, and the right to service .
What consumer protection agency is know by the acronym SEC?
Securities and Exchange Commission (SEC)
What is the purpose of consumer rights quizlet?
Consumer rights and consumer protection law provides a way for individuals to fight back against abusive business practices . These laws are designed to hold sellers of goods and services accountable when they seek to profit by taking advantage of a consumer’s lack of information or bargaining power.
What are 3 consumer protection laws?
In the United States a variety of laws at both the federal and state levels regulate consumer affairs. Among them are the Federal Food, Drug, and Cosmetic Act, Fair Debt Collection Practices Act, the Fair Credit Reporting Act, Truth in Lending Act, Fair Credit Billing Act, and the Gramm–Leach–Bliley Act .
What does the Consumer Protection Act cover?
The Consumer Protection Act 1987 is in place to hold manufacturers accountable for producing unsafe goods. It allows consumers to claim compensation if the defective product has caused personal injury, damage to property or death . Claims under the Act are generally brought against the product’s ‘producer’.
What government agency can help protect you as a consumer?
Consumer Protection Law is an area of law managed by the Bureau of Consumer Protection and overseen by the Federal Trade Commission (FTC) . It protects you and me, consumers, from unethical and careless actions taken by businesses.
