Exam 23: Consumer Protection

The ________ is a federal statute that requires creditors to make certain disclosures to debtors in consumer transactions and real estate loans on the debtor's principal dwelling and covers only creditors that regularly extend credit for goods or services to consumers.

The Food,Drug,and Cosmetic Act is a federal statute that ________.

The ________ allowed all credit-card companies with whom a cardholder had a credit card to raise the interest rate on his or her card,including on the existing balances,if the cardholder was late in making a payment to any credit card company.

Which of the following is true of the Health Care Reform Act?

The Fair and Accurate Credit Transactions Act permits consumers to place fraud alerts on their credit files.

Which of the following is true of the Do-not-Call Registry for consumers?

Rapid Rise is a health drink targeted at teenagers.Their advertisement campaign claims that regular consumption of the drink over a two-month period leads to a four-inch increase in height.However,this claim is not substantiated by laboratory research and has not been proven 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 ________.

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

The goal of the Health Care Reform Act is to increase the number of persons who have health care insurance in the United States.

The ________ is the federal administrative agency empowered to enforce the FDCA.

Under the Health Care Reform Act,persons who do not obtain health coverage will be provided free health insurance by the government.

The Nutrition Labeling and Education Act (NLEA)applies to packaged foods and other foods regulated by the Food and Drug Administration.

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

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

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

Section 4205 of the Patient Protection and Affordable Health Care Act requires restaurants and retail food establishments with 20 or more locations to disclose calorie counts of their food items and supply information on how many calories a healthy person should eat in a day.The provisions of this legislation are enforced by the ________.

Which of the following is true of seeking injunctions on consumer products that violate the Consumer Product Safety Act (CPSA)or Consumer Product Safety Commission (CPSC)rules?

Proof of actual deception is required for an advertising to be considered false under Section 5 of the FTC.

The ________ requires food manufacturers and processors to disclose uniform information about the serving sizes and nutrients contained in the food,and establishes standard definitions for terms like "low fat," "lean," and "organic," which are indiscriminately used by food processors.

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