Exam 23: Consumer Protection

The Consumer Product Safety Commission is the federal administrative agency empowered to enforce the FDCA.

Title XIV of the Dodd-Frank Act,called the ________ Act,is designed to eliminate many abusive loan practices and mandates new duties and disclosure requirements for mortgage lenders.

What is the importance of the Biosafety Protocol prescribed by the United Nations?

The Health Care Reform Act prohibits insurers from establishing an annual spending cap for benefit payments.

The ________ is a federal statute passed in 1990 that requires food manufacturers and processors to provide nutrition information on many foods and prohibits them from making scientifically unsubstantiated health claims.

The ________ Act permits consumers to place fraud alerts in their credit files.

Biosafety Protocol is a United Nations-sponsored protocol that requires signatory countries to place the label ________ on all genetically engineered foods.

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

Creditors that violate the Consumer Lease Act are subject to the civil and criminal penalties provided in the ________ Act.

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

If a consumer product is found to be imminently hazardous,the Consumer Product Safety Commission (CPSC)has the power to require the manufacturer to recall the product.

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

Which of the following is a function that the Consumer Product Safety Commission is empowered to execute?

________ is an administrative agency regulation that sets forth detailed rules for compliance with the Truth-in-Lending Act (TILA).

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

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

The FDA labels ordinary household soap as a cosmetic product.

Under the Consumer Product Safety Act,a private party can sue for an injunction to prevent violations of the act or of Consumer Product Safety Commission (CPSC)rules and regulations.

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

The Consumer Product Safety Commission (CPSC)is ________.