Exam 23: Consumer Protection

List out the new protections that are available under the Health Care Reform Act of 2010.

The Consumer Product Safety Commission, created in 1972, has the authority to recall unsafe toys.

Regulation Z is an administrative agency regulation that sets forth detailed rules for compliance with the ________ Act.

The FDA mandates a label of "NOT TESTED ON ANIMALS" on all cosmetic products.

In which of the following cases of consumer safety violations will the U.S. Department of Agriculture be required to take action?

The ________ is a federal law that gives the FDA broad powers to license new drugs in the United States.

The consumer must send a required notice of cancellation to the seller of a door-to-door sales contract within three days to rescind an order.

The ________, enacted in 1962, gives the FDA power to withdraw approval of any previously licensed drug.

The ________ is charged with regulating credit extended to older persons, members of the armed services, and persons who are unlikely to understand the complexities of credit.

Which of the following is true of the FTC?

The FTC can sue in either the state or federal courts to obtain compensation on behalf of consumers.

Tim has been approached by Kent regarding Tim's credit card bill payment. Kent is aware of Tim's debt, and says he has come on behalf of the bank he owes to get assurance from Tim that he will repay the credit bill within a specific period of time. Kent is an outside agent who does not work for the bank. Which of the following legislations has the bank violated by contracting Kent to contact Tim?

FDA approval is not mandatory for medical devices to be legally sold in the U.S.

The FDA cannot recall any cosmetics that contain unsubstantiated claims of preserving youth or increasing virility from the market.

"Rapid Rise" is a health drink targeted at teenagers and advertised with the claim that regular consumption of the drink over a two-month period leads to a four-inch rise in height. This claim is not grounded in laboratory research and has not been seen in most of its users. This act of making scientifically unsubstantiated health claims about one's product is likely to be a violation of the ________.

Ajax, a pharmaceutical company, has designed a new medicine for morning sickness among pregnant women. Testing at their R&D center showed the drug to be highly reliable. Ajax has to approach a U.S. federal administrative agency called ________ for the drug to be deemed legal for sale to the public.

The ________ Act is a federal statute that prohibits discrimination in the extension of credit based on sex, marital status, race, color, national origin, religion, age, or receipt of income from public assistance programs.

The Drug Amendment to the FDCA gives the FDA broad powers to license new drugs in the United States.

The Consumer Product Safety Commission is ________.

The Do-Not-Call Registry allows consumers to designate specific companies not to call them.