5 Consumer Protection Laws You Should Know About
Consumer protection laws are in place to help with issues that may arise when purchasing goods and services. In some cases, you may feel that the business has taken advantage of you, or you may need help if something unexpected happens during or after the sale. These laws also protect consumers from false advertising and other unscrupulous business practices. In every state in the U.S., there are consumer protection laws in place to protect individuals who buy goods or services.
There are many types of businesses and organizations dedicated to helping consumers understand their rights and know how to safeguard themselves against unfair practices when buying new things. Here is a breakdown of these laws, where you can find more information about your state’s consumer protection laws and what to do if you believe you’ve been scammed by a business or have another issue with a company that refuses to make things right.
What are Consumer Protection Laws?
Consumer protection laws are designed to protect consumers from unfair or deceptive business practices. These laws provide consumers with remedies for damages caused by businesses, and also allow the government to take action against businesses that engage in unfair or deceptive practices.
Federal Securities Act
The Federal Securities Act is a law that requires companies to disclose certain information about their securities before they can sell them to the public. This information includes the financial condition of the company and the risks associated with investing in its securities. The Act also gives the Securities and Exchange Commission (SEC) authority to regulate the sale of securities.
Fair Credit Reporting Act
The Fair Credit Reporting Act is a federal law that requires credit reporting agencies to provide accurate and fair credit reports. It also gives consumers the right to dispute inaccurate or unfair information on their credit reports.
Dodd-Frank Act
The Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States federal law that was enacted on July 21, 2010. The law overhauled financial regulation in the aftermath of the Great Recession and it made changes to consumer protection, corporate governance, derivatives trading, and other financial aspects.
Telephone Consumer Protection Act
The Telephone Consumer Protection Act was enacted in 1991 in order to protect consumers from unsolicited telemarketing calls. The act prohibits telemarketers from using automated dialing systems to place calls to consumers without their prior consent. Additionally, the act requires telemarketers to disclose their identity and the purpose of the call at the beginning of the call and prohibits them from making false or misleading statements.
CAN-SPAM Act
The CAN-SPAM Act is a law that sets the rules for commercial email, establishes requirements for commercial messages, gives customers the right to opt out of receiving unsolicited commercial emails, and spells out tough penalties for violations. Any email that advertises or promotes a product or service is a commercial email. Even if an email is sent only to one person, it can be commercial if it advertises or promotes a product or service.
Contact a Consumer Protection Lawyer Today
Consumer protection laws are there to keep you safe, but they only work well when you know the law. Otherwise, you could be taken advantage of or miss your opportunity to take action to hold someone accountable.
If you or someone you know is the victim of consumer protection law violations, take action to help them recover. Call The Law Offices of Jibrael S. Hindi at 844-542-7235 or contact us here for a free case evaluation. We can help you recover whatever you lost due to someone else’s consumer protection law violations.