Consumer Protection Agencies and Consumer Protection Laws
Articles About Consumer Protection Laws and Agencies
Consumer protection is a group of laws and organizations designed to ensure the rights of consumers as well as fair trade competition. Consumer protection laws are a form of government regulation aimed to protect consumer rights.
Organizations that promote consumer protection include government agencies such as the Federal Trade Commission, the Bureau of Consumer Protection, and the newly formed Consumer Financial Protection Agency. There are also self-regulating organizations such as the Better Business Bureau. Below you will find articles regarding consumer protection with everything from what are your rights to how to file a complaint if your rights are violated.
Federal Trade Commission and Bureau of Consumer Protection
- Federal Trade Commission Official Website - Under legislation by President Theodore Roosevelt, the FTC was created on February 14, 1903. Here is a link to the FTC official website where you can get information about rights as a consumer and what to do if your rights have been violated.
- Bureau of Consumer Protection Official Website - One department of the FTC is the Bureau of Consumer Protection. This department stops unfair, deceptive and fraudulent business practices. Here is a link to their site for more information.
Consumer Financial Protection Bureau
- Consumer Financial Protection Bureau Official Website - The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 established the CFPB to protect consumers by carrying out federal consumer financial laws. This link will take you to their website for more information.
- How to Submit a Complaint to the CFPB - If you are having a problem with a financial product or service, this article will give you all the information you will need to submit a complaint to the CFPB.
- Credit Card Complaints Are Now On-Line - In June of 2012, the CFPB launched an on-line database to search out credit card complaints. See how this database works and what information you can gather from it.
- Is Credit Card Reform Working? - Since the enactment of the Credit Card Act of 2009, are credit card holders really better off now? Read our article to see how the reform has worked out for consumers.
- Free Credit Score Initiative - The CFPB is proposing an initiative encouraging credit card issuers to inform cardholders of their credit scores. Learn more about this and how it will benefit consumers.
- How the CFPB Protects the Payment Card Market - Of all the financial products regulated by the CFPB, learn how they protect consumers in the payment card market.
- Ways the CFPB Helps Servicemembers With Financial Issues - Men and women serving in our military are afforded the protection from CFPB when it comes to financial issues and financial product fraud.
- Protection Provided for International Money Transfers - Wiring money overseas can be stressful enough without having to worry about fraudulent activity. The CFPB protects consumers and their money transfers.
- Regulation and Protection When Using Payday Loans - The payday loan industry was rampant with fraud and illegal activity which is why the CFPB stepped in to provide industry regulations and consumer protection.
- How the CFPB Protect Banking Products and Services - Regulations enacted by the CFPB covers all banking products and services from local banks and credit unions to global banking.
- CFPB is Now Providing Over-site of the Mortgage Industry - Just recently, the CFPB has stepped in to offer assistance and protection for consumers who are trying to get a mortgage and those with existing loans.
- Financial Education for Children and Adults - Financial literacy is the first step to becoming a functioning part of the U.S. ecomony. The best place to start is with our children, but adults need it, too. The CFPB has come up with a comprehensive financial education program.
- CFPB Offering Resources to Help with Student Loans - Taking on a student loan is a huge financial undertaking and not one to take lightly. CFPB is trying to help lower student loan debt and offer more education to consumers prior to getting a loan.
- How the CFPB Protects Student Banking and Credit Cards - A lot of colleges are promoting banks and banking products but not all of them are in the best interest of the students. The CFPB is stepping in to make sure these are good deals.
- Regulating Automobile Money Lenders and Loans - As part of the CFPB's role in consumer protection, it has stepped in to offer regulations in auto loans and auto lenders.
- CFPB is Overseeing and Protecting Consumers Against Debt Collectors - Complaints to the FTC regarding illegal debt collection procedures are at an all time high. The CFPB is stepping up legal action against these violators.
- Credit Reporting Industry is Being Watched by the CFPB - The CFPB is being tasked with overseeing accuracy and proper implementation of credit reports and credit reporting.
Fair Credit Reporting Act (FCRA)
- Fair Credit Reporting Act - The FCRA is a federal law that regulates the collection, dissemination, and use of consumer information, including consumer credit information. Read the act in its entirety and you will be an informed consumer regarding your consumer rights.
- Changes to the FCRA - Occasionally there are changes and additions to the original FCRA and this article will keep you up to date on all the modifications.
Fair Debt Collection Practices Act (FDCPA)
- Fair Debt Collection Practices Act - The FDCPA establishes legal protection from abusive debt collection practices. Learn what your rights are as a consumer and what to do if a debt collector has violated your rights.
- FTC Rules and Regulation for Debt Consolidation Companies - The FTC put together Debt Relief Rules back in 2010 to further protect consumers from abusive debt collection practices. Read this article to see what these new regulations are and how they can help you.