Consumer Protection Flashcards

{"stat":1,"data":{"id":71,"deckName":"Consumer protection","front":"word","cards":[{"id":1610,"front":"Warranty","back":"A warranty is a promise made by a seller that a product or service is of a certain quality or will meet certain expectations."},{"id":1611,"front":"Lemon law","back":"Lemon law: protects consumers who buy defective vehicles."},{"id":1612,"front":"Consumer protection","back":"Consumer protection: Laws that protect consumers from unfair or deceptive practices by businesses."},{"id":1613,"front":"Fair Credit Reporting Act (FCRA)","back":"Law that regulates how consumer credit information is collected, used, and shared by credit reporting agencies."},{"id":1614,"front":"Truth in Lending Act (TILA)","back":"Law that requires lenders to disclose the terms and costs of a loan to borrowers."},{"id":1615,"front":"Consumer Fraud","back":"Consumer Fraud: When companies deceive or trick customers in order to make money."},{"id":1616,"front":"Consumer Rights","back":"Consumer Rights: Protections that ensure consumers are treated fairly by businesses."},{"id":1617,"front":"Consumer Complaint","back":"A consumer complaint is when a customer tells a company about a problem with a product or service they bought."},{"id":1618,"front":"Product Liability","back":"Product Liability: When a manufacturer is held responsible for any harm or injuries caused by their product."},{"id":1619,"front":"Cooling-off period","back":"Cooling-off period: A set amount of time when a person can cancel a contract or agreement without penalty."}]}}