Know the Consumer Protection Regulations

A department of the Federal Trade Commission isThe text of these laws can be found on the Federal
the Bureau of Consumer Protection, and its "mandateTrade Commission's website
is to protect consumers against unfair, deceptive, orThe Division of Marketing Practices: Enforces federal
fraudulent practices." There are six division of theconsumer protection laws by filing legal actions to
Bureau of Consumer Protection as follows:stop scams and help victims of scams
Division of Advertising Practices: Consumers areThe Division of Planning and Information: Measures
protected from deceptive or unsubstantiatedthe impact of FTC activities to protect consumers,
advertising. The focus is on advertising of theincluding the Identity Theft Program.
following products: tobacco and alcohol, food andThe Office of Consumer and Business Education:
over-the-counter drugs, energy-related products,Establishes public education programs for consumers
environmental products, and infomercials.and industry about fraud, deception, and unfair
Division of Enforcement: Consumers are protected bypractices using print, broadcast, and electronic media.
enforcing compliance with court orders in consumerIt would be prudent for you or your attorney to visit
protection cases, investigating and prosecuting civilthe FTC's website, read the regulations, and set up
actions to stop fraudulent, unfair, or deceptivesystems to be sure you are in and stay in
marketing and advertising practices, and enforcingcompliance. If the FTC determines that you are
consumer protection laws.violating any of its regulations, it has the authority to
The Division of Financial Practices: Many consumerseize your assets pending investigation. If the FTC
credit statutes are enforced including the Consumergets a court judgment against you, the fines are
Leasing Act, the Credit Practices Rule, the Equalsignificant and the FTC could shut down your
Credit Opportunity Act, and the Fair Credit Billing Act.business.