Consumer Protection

Consumer protection consists of laws and organizations designed to ensure the rights of consumers as well as fair trade competition and the free flow of truthful information in the marketplace. The laws are designed to prevent businesses that engage in fraud or specified unfair practices from gaining an advantage over competitors and may provide additional protection for the weak and those unable to take care of themselves. Consumer protection laws are a form of government regulation which aim to protect the rights of consumers. For example, a government may require businesses to disclose detailed information about products—particularly in areas where safety or public health is an issue, such as food. Consumer protection is linked to the idea of "consumer rights" (that consumers have various rights as consumers), and to the formation of consumer organizations, which help consumers make better choices in the marketplace and get help with consumer complaints.

Other organizations that promote consumer protection include government organizations and self-regulating business organizations such as consumer protection agencies and organizations, the Federal Trade Commission, ombudsmen, Better Business Bureaus, etc.

A consumer is defined as someone who acquires goods or services for direct use or ownership rather than for resale or use in production and manufacturing.

Consumer interests can also be protected by promoting competition in the markets which directly and indirectly serve consumers, consistent with economic efficiency, but this topic is treated in competition law.

Consumer protection can also be asserted via non-government organizations and individuals as consumer activism.

Read more about Consumer ProtectionConsumer Law, Consumer Advocacy Groups

Other articles related to "consumer protection, consumer":

Consumer Protection - Laws - Australia
... The Australian Consumer Law Division 2 of Part 2 of the Australian Securities and Investments Commission Act 2001 in relation to financial services and products ...
Consumer Protection Law - Consumer Law - India
... See also Consumer Protection Act of 1986 and National Consumer Disputes Redressal Commission In India, Consumer Protection Act of 1986 is the law governing consumer protection ... Under this law, Separate Consumer tribunals have been set up throughout India in each and every district in which a consumer can file his complaint on a ... Appeal could be filed to the State Consumer Disputes Redressal Commissions and after that to the National Consumer Disputes Redressal Commission (NCDRC) ...
André Carson - Political Positions - Consumer Protection
... On June 26, 2009 Carson introduced the Jeremy Warriner Consumer Protection Act (H.R. 3088), which would require GM and Chrysler to carry liability insurance that would cover vehicles produced before they filed for bankruptcy in early 2009 ...
Subprime Mortgage Crisis Solutions Debate - Overview
... cushions that each institution should maintain (leverage restrictions) the creation of a consumer protection agency for financial products and how to regulate derivatives ... The proposals address consumer protection, executive pay, bank financial cushions or capital requirements, expanded regulation of the shadow banking system and derivatives, and enhanced authority for the ... The Dodd–Frank Wall Street Reform and Consumer Protection Act was signed into law in July 2010 ...
Consumer Protection From Unfair Trading Regulations 2008
... The Consumer Protection from Unfair Trading Regulations 2008 is a statutory instrument in the United Kingdom, made under the European Communities Act 1972 ... The Regulations introduce new rules about consumer protection and the responsibility of businesses to trade fairly ... not to return) and fined £4000 with £18000 costs for repeatedly calling on a consumer in Scunthorpe ...

Famous quotes containing the words protection and/or consumer:

    Take away from the courts, if it could be taken away, the power to issue injunctions in labor disputes, and it would create a privileged class among the laborers and save the lawless among their number from a most needful remedy available to all men for the protection of their business interests against unlawful invasion.... The secondary boycott is an instrument of tyranny, and ought not to be made legitimate.
    William Howard Taft (1857–1930)

    The poverty of our century is unlike that of any other. It is not, as poverty was before, the result of natural scarcity, but of a set of priorities imposed upon the rest of the world by the rich. Consequently, the modern poor are not pitied ... but written off as trash. The twentieth-century consumer economy has produced the first culture for which a beggar is a reminder of nothing.
    John Berger (b. 1926)