Choose two consumer protection laws and, in about 500 words, describe the benefits they provide for consumers and the costs to s

Question

Vesna [10]

3 years ago

5

Choose two consumer protection laws and, in about 500 words, describe the benefits they provide for consumers and the costs to s

ociety.

Business

1 answer:

Stels [109] · Answer 1 · 2022-05-10T13:50:31+03:00

Answer:

1. Federal Food, Drug, and Cosmetic Act :-

The act governs level of quality for those food, drugs , medical instruments, as well as beauty products produced and procured by customers in the market of America. Government control as well as regulation of these guidelines was also supplied for under the law.

2. Truth in Lending Act (TILA) :-

The Truth in Lending Act (TILA) relates to the federal law that allows borrowers to make some statements regarding consumer credit conditions and prices. TILA includes rules regulating accessible-end credit lines, closed-end personal loans, retail lending as well as private lending to college.