Exam 19: Consumer Protection

When a FTC trade regulation rule is finalized it becomes part of the:

The Fair Credit Billing Act:

FTC consent decrees agreed to by firms accused of illegal trade practices:

Making a new substance that might one day become a marketable drug takes an average of:

The Food Quality Protection Act of 1996 states that food should have a "de minimus" chance of harming consumers.

When a consumer is rejected for credit, the Equal Credit Opportunity Act requires the creditor to give the consumer the name of the federal agency that enforces the Act and must tell the consumer their basic rights.

The Fair and Accurate Credit Transactions Act (FACT Act) requires credit card receipts to show the expiration date of the card.

The 1906 Pure Food and Drug Act provided primarily for protection against adulteration and misbranding of food and drugs.

The Fair Credit Billing Act makes it illegal for credit card companies to send cards to people who do not request them.

"Old South" potato chips claim to have "that old-fashioned, deep-down satisfyin' taste." They also claim to be low-fat and low-calorie. According to standards created by the FDA, these chips must:

According to FDA standards, food that is labeled as "fresh" must NOT have been:

The Credit Card Accountability Responsibility and Disclosure Act (Credit CARD Act) gave card oversight to the Federal Reserve Board.

Many FTC complaints are settled by consent decree rather than a trial.

Regulations under the Fair and Accurate Credit Transactions Act (FACT Act) prohibits businesses from keeping consumer information on file more than 90 days in an effort to protect privacy.

Which of the following is an example of a class II medical device:

Which of the following must be listed per serving portion on nutrition labels:

The Kefauver Amendment of 1962 requires the FDA to approve drugs based on their proven safety.

Under the Fair Credit Billing Act, if consumers notify the card company immediately of a stolen or lost credit card, their liability for unauthorized losses is $500.

Private parties may initiate civil actions for false advertising claims under:

The Fair Credit Billing Act holds that when consumers think there is a mistake in a credit card bill they have sixty days in which to notify the creditor in writing.