by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is the Consumer Advisory Council?CAC was primarily created to provide a piece of responsive and driven advice needed to plan, implement, evaluate the activities carried out through the Assistive Technology (AT) Act. CAC serves as a consumers’ spokesperson...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is the Consumer Credit Protection Act Of 1968?The Consumer Credit Protection Act is a federal law that was enacted in 1968 that defines consumer rights and offers protection for consumers against lenders. The federal legislation specifies certain requirements...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is the Credit Repair Organization Act?The Credit Repair Organization Act also referred to as CROA, is a federal law that requires companies offering credit repair services to customers to act with utmost honesty. The CROA was passed in 1996 and formed a section...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
Regulation B (Lending Discrimination) DefinitionRegulation B is a provision of the Equal Credit Opportunity Act that protects borrowers (or applicants) from discrimination by lenders based on race, gender, religion, national origin, age or marital status.What Does the...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What are Lemon Laws?Lemon laws are a United States law that offers protection to consumers when they purchase vehicles or other lemon products that do not meet their intended usefulness. A lemon law is a legal protection that consumers enjoy when they buy defective...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is a Bait and Switch?The bait and switch system, which in some constitutions is considered a form of retail fraud, is a situation where a firm sells a product or item on juicy low prices only to up-sell the consumer on a pricier item which is similar to the...
