Exam 41: Consumer Protection Double

On Monday,Bernard agreed to buy vinyl siding for his home from Alonzo,a door-to-door salesman.On Friday,he can rescind the contract with no liability for breach of contract.

The Federal Trade Commission was created in 1968 in response to the consumer movement of the 1960s.

Hazardous materials are specifically exempted from the jurisdiction of the Consumer Product Safety Commission.

Most states would invalidate prepayment penalties.

A consumer transaction would include one in which the purchaser uses the item at a hotel while on vacation.

If an advertising statement is technically true but may tend to mislead,the FTC can still require a company to stop using it.

Congress enacted the ____ to provide consumers who purchase a home with greater and more timely information on the nature and costs of the settlement process.

The Federal Trade Commission enforces antitrust legislation.

Clark goes to the First Bank to obtain a consumer loan.The bank requests that the Rich Credit Reporting Agency furnish a credit report,which they do.Based upon the report,which says that Clark has been convicted of theft and credit card fraud,the bank denies Clark's application.Is Clark entitled to know what was in the report? If Clark thinks the information in the report is inaccurate,what can he do?

Which of the following is not a purpose of the Consumer Product Safety Commission?

The FTC Act contains very specific definitions of the terms "unfair" and "deceptive."

Under the FCCPA,the liability of a credit card holder for another's unauthorized use of the card is limited to:

The federal Truth-in-Lending law:

The CFPA excludes from the Bureau of Consumer Financial Protection's authority the activities of all but which of the following?

The ____ mandates clear disclosure of relevant credit information in consumer credit transactions.It requires conspicuous disclosure of finance charges and interest rates calculated in a uniform manner.

When a debt is secured by property as collateral and the debtor defaults,the creditor may:

The Credit Card Accountability,Responsibility,and Disclosure Act of 2009 forbids credit card issuers from raising interest rates or any fees during the first year a credit card account is open,and the Act states that gift cards or certificates may not expire sooner than five years after issuance.

Which of the following is not a purpose of the Consumer Product Safety Commission?