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What else can I help you with?
What are disadvantages of national credit act to a consumer?
The National Credit Act is in place to protect consumers by promoting a fair and accessible marketplace for consumer products and getting rid of unfair trade practices to protect consumers. There are no real disadvantages to consumers with the act as it covers transactions including loans, goods, and services.
What Consumer programs perform which two of the following functions to protect consumers?
Consumer programs typically perform functions such as educating consumers about their rights and responsibilities, and advocating for fair practices in the marketplace. These programs often provide resources and information to help consumers make informed decisions and navigate potential issues with products or services. Additionally, they may facilitate dispute resolution between consumers and businesses to ensure accountability and compliance with consumer protection laws.
What does not protect consumers?
A boycott
How does SEC protect consumers?
Go to FTC.Gov and read section for consumers
What is the Consumer Credit Reporting Act?
I believe the Consumer Credit Reporting Act refers to the Fair Credit Reporting Act or FCRA which is a consumer protection law. This law was enacted in 1971 and designed to protect consumers from information being reported on a consumers credit report that was either, inaccurate, erroneous, obsolete or unverifiable.Statistics show that 80% of consumers credit reports have significant errors (even with the FCRA in place). These errors have a tremendous negative impact on a consumers financial situation as well as potential denial or loss of employment.There are companies such as United Credit Education Services that provide resources to help consumers assure the accuracy of the data being reported on there credit reports.
What actions can the Consumer Product Commission take to help protect consumers?
Recall an unsafe product.
What commission was created in 1972 to protect consumers against hazardous products?
The Consumer Product Safety Commission.
Which if these actions can the consumer product safety commission take to protect the consumer?
Recall an unsafe product.
What of these actions can the consumer product safety commission take to help protect consumers?
The Consumer Product Safety Commission (CPSC) can take several actions to protect consumers, including establishing safety standards for consumer products, conducting recalls of hazardous items, and providing public education on safe product use. They can also investigate complaints and incidents related to product safety and collaborate with manufacturers to improve product designs. Additionally, the CPSC can enforce penalties against companies that violate safety regulations.
What is one way consumer advocacy help protect consumers?
by providing product information
What actions can the Consumer Prduct Safety Commission take to help protect consumers?
Developing voluntary standards with industry; Issuing and enforcing mandatory standards and banning consumer products if no feasible standard would adequately protect the public; Obtaining the recall of products .
What is one way consumer-advocacy groups help protect consumers?
by providing product information
What is one way that consumer-advocacy groups help protect consumers?
by providing product information
What body was created by the Consumer Product Safety Act?
The act also established the Consumer Product Safety Commission (CPSC) to "protect the public against unreasonable risks associated with consumer products."
What is the one way that consumer-advocacy groups help protect consumers?
By providing product information
What is the mission of federal trade commission?
Protect consumers
What is the function of the cpsc?
The CPSC establishes the agency, defines its basic authority, and provides that when the CPSC finds an unreasonable risk of injury associated with a consumer product it can develop a standard to reduce or eliminate the risk.
