by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
How is the Fair Credit Reporting Act enforced?The FTC and CFBP enforce the provisions of the FCRA. Further, individuals may bring a cause of action against creditor reporting agencies or credit providers. In a civil action, a creditor may recover actual damages,...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is the Privacy Act of 1974 (Privacy Act)?The Privacy Act restricts the ability of the Federal Government to collect information about individual US citizens. Specifically, it regulates the use, maintenance, and dissemination of collected personally-identifiable...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is the Right to Financial Privacy Act of 1978 (RFPA)?The RFPA places limitations on the ability of the Federal Government to seek financial records about an individual from banks or other financial institutions. The RFPA applies only to the Federal Government. It...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is the Childrens Online Privacy Protection Act of 1986 (COPPA)?COPPA was passed to protect against the online collection of personal information of children under the age of 13 years. Enforcement of COPPA is charged to the FTC, which issues regulations for its...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What role do states play in consumer protection?States pass and enforce any number of consumer protection laws. These laws sometimes offer protections in addition to those offered by federal law. State laws protecting consumers are generally known as Unfair and...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What are the enforcement procedures of the FTC?Within the FTC, attorneys working in the bureau of consumer protection enforce the federal laws related to consumer affairs and rules promulgated by the FTC. The FTC enforces these rules and laws through the following...
