Exam 23: Consumer Protection

________ is defined as credit extended to natural persons for personal,family,or household purposes.

The ________ prohibits health insurance companies from terminating health insurance coverage when a person gets sick.

List the new protections for insured persons under the Health Care Reform Act of 2010.

Which of the following is true of the Federal Trade Commission (FTC)?

The U.S.Supreme Court has deemed the Do-Not-Call Registry service as an unconstitutional violation of commercial speech.

Melissa owes money to her bank for her credit card bills.For the past two weeks,debt collectors have been harassing her for bill payment by sending people to her workplace.Her boss expressly asks her to avoid such meetings,but despite Melissa's repeated requests that the collection agency stop,the collectors continue to visit her workplace.Which of the following Acts has provisions that would help protect Melissa from such harassment?

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

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.

What is the United Nation's Biosafety Protocol for genetically altered food?

Jones & Hilton Co.owned a large cold storage warehouse where they stored and processed meat and meat products.An insider revealed to the media that the facility failed to meet numerous safety standards,encountered rodent infestation,and sold potentially harmful and infected meat in the market without notifying authorities.The ________ has the authority to conduct inspections of the cold storage warehouse and initiate legal proceedings against the owners for endangering the health of consumers.

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 the ________ for the drug to be deemed legal for sale to the public.

The ________ limits the contact that a debt collector may have with third persons other than the debtor's spouse or parents.

FDA approval is not mandatory for medicinal devices to be legally sold in the United States.

Sellers of raw fruits and vegetables can adopt a voluntary approach when it comes to labeling requirements.

The Consumer Product Safety Commission (CPSC)is an independent federal administrative agency empowered to regulate potentially dangerous consumer products and issue product safety standards.

The ________ Act is a federal statute that requires disclosure of credit terms on credit card and charge card solicitations and applications.

Tim has been approached by Kent,his best friend,regarding Tim's credit card debt with 1st Security One.1st Security One previously informed Kent that Tim was in default on his credit card debt,and encouraged Kent to tell his friend to "do the right thing." Kent says he has come to get assurance that Tim will make the required payment.Which of the following legislation has 1st Security One violated by informing Kent of Tim's debt?

The ________ is a federal administrative agency that is primarily responsible for regulating the safety of meat,poultry,and other food products.

Which of the following would come under the purview of the Medicinal Device Amendment to the FDCA?

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