Question

Consumer protection laws are meant to

Answer 1

Consumer protection laws are meant to protect the rights of consumers. These laws are designed by the government and enforced to make sure consumers aren’t taken advantage of. These laws will allow consumers to know what is put in products, how they are made, and making sure the products are up to health codes.

Answer 2

 

Consumer protection laws are meant to protect consumer interest or consumer rights.

Further Explanation:

Government makes consumer protection laws in order to protect the consumer interest. In the U.S, different laws have been proposed at both the state and federal levels to regulate consumer affairs.  Following is the list of some important consumer laws:

Truth in Lending Act.

Fair Debt Collection Practices Act.  

Federal Food, Drug. Cosmetic Act.

Fair Credit Billing Act.  

Fair Credit Reporting Act.  

Gramm-Leach-Bliley Act.  

Federal Consumer Protection Laws are enacted by the various departments of the government such as Consumer Financial Protection Bureau and the Federal Trade Commission.

The consumer law put restrictions on how businesses should manage the transfer and security of consumers' personal information. It also protects the consumer against unfair trade practices and deceptive trade practices. Thus, Consumer protection laws are meant to protect consumer interest or consumer rights.

Learn more:

1. Learn more about the laws related to the consumer

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2. Learn more about the business law

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3. Learn more about the type of association

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Answer details:

Grade: High School

Subject: Business Studies

Chapter: Consumer Law

Keywords :Consumer protection laws, consumer interest, consumer rights, unfair trade practices, deceptive trade practices, state and federal levels, government law, consumer affair, protection of the right of the consumer.