Exam 23: Consumer Protection

If a model of a car has faulty airbag deployment, the Consumer Product Safety Commission has the power to recall that model on receiving complaint.

The ________ Act of 2010 is a federal statute that requires increased disclosure of credit information and terms to consumers and regulates consumer credit providers and others.

Which of the following legislations protects consumers in challenging information contained in a credit file?

The federal administrative agencies-the Federal Trade Commission (FTC)and the FCC-promulgated administrative rules that created the ________, on which consumers can place their names and free themselves from most unsolicited commercial telephone calls.

A manufacturer can be held liable for deceptive labeling or packaging under the Health Care Reform Act.

The FDA labels ordinary household soap as a cosmetic product.

The Health Care Reform Act extends health care coverage to illegal immigrants.

The Equal Credit Opportunity Act does not have provisions for consumers to recover damages against the creditor.

The Biosafety Protocol label is used to identify certain food products that have been genetically modified.

Give an account of the regulation of medicinal devices in the United States?

Regulation of mortgage lending comes under the purview of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Kidney dialysis machines are scrutinized for attainment of quality standards under the Drug Amendment to the FDCA.

The ________ expressly prohibits debt collectors from using certain practices like harassing, abusing, or intimidating debtors.

Which of the following would constitute a false advertising according to the Federal Trade Commission?

Bait and switch is a type of deceptive advertising under Section 5 of the FTC Act.

The U.S. Department of Agriculture places mandatory and consistent labeling requirements on ________.

Give an account of the Consumer Financial Protection Act of 2010.

Which of the following is true of the Nutrition Labeling and Education Act?

The NLEA applies to packaged foods and other foods regulated by the Food and Drug Administration.

________ is a type of deceptive advertising under Section 5 of the FTC Act. It occurs when a seller advertises the availability of a low-cost discounted item to attract customers to its store.