Consumer Protection Laws and Administration

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Consumer protection agencies and laws
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Consumer Protection Laws and Administration
  1. Federal Trade Commission Established: 1914 Commissioners: 5
    1. Consumer Credit: Credit advertising; Fair Credit Reporting Act; Fair Debt Collection Practices Act; Equal Credit Opportunity Act.
      1. Unfairness, Deception, and Fraud: Advertising; unfair or deceptive sales practices; identity theft.
        1. Consumer Health and Safety: Privacy.
        2. Consumer Financial Protection Bureau (Federal Reserve Board) Established: 2010 Director: 1
          1. Consumer Credit: Credit advertising.
            1. Unfairness, Deception, and Fraud: Consumer credit terms, including home mort- gages; education.
            2. Food and Drug Administration (U.S. Department of Health and Human Services) Established: 1930 Commissioner: 1
              1. Consumer Health and Safety: Labeling of food (except meat, poultry, and eggs), drugs, and cosmetics; adulterated food and cosmetics; approval of drugs and medical devices; tobacco; domes- tic and international product quality and safety.
              2. U.S. Department of Agriculture Established: 1862
                1. Consumer Health and Safety: Labeling of meat, poultry, and eggs; inspection of meat, poultry, and egg processing facilities.
                2. National Highway Traffic Safety Administration (NHTSA) (U.S. Department of Transportation) Established: 1970 Administrator: 1
                  1. Consumer Health and Safety: Automobile safety standards; driver and highway safety.
                  2. Consumer Product Safety Commission Established: 1972 Commissioners: 3
                    1. Consumer Health and Safety : Consumer Product Safety Act (CPSA) protect consumers from risk of injury or death from prod- ucts such as toys, cribs, power tools, cigarette lighters, and household chemicals.
                    2. Consumer Product Safety Commission Established: 1972 Commissioners: 3
                      1. Federal Communications Commission Established: 1934 Commissioners: 5
                        1. Unfairness, Deception, and Fraud: Telemarketing.
                          1. Broadcast and Internet standards: Broadcast and Internet standards.
                          2. U.S. Postal Service Established: 1775 Reorganized: 1970
                            1. Unfairness, Deception, and Fraud: Sales practices.
                            2. Securities and Exchange Commission Established: 1934 Commissioners: 5
                              1. Unfairness, Deception, and Fraud: Securities fraud, insider trading, disclosure requirements, regulation of broker-dealers and exchanges.
                              2. Federal Reserve Board Established: 1913 Governors: 7
                                1. Consumer Credit: Truth in Lending Act (Regulation Z); Consumer Leasing Act (Regulation M); Equal Credit Opportunity Act (Regulation B); Electronic Fund Transfer Act (Regulation E).
                                2. U.S. Department of Labor Established: 1913
                                  1. Consumer Credit: Garnishment of wages.
                                  2. Bankruptcy courts
                                    1. Chapter 13 consumer bankruptcy.
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