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consumer protection

   Also found in: Legal, Wikipedia, Hutchinson 0.06 sec.

consumer protection

Legal framework promoting customer safety and education and providing protection from hazardous or substandard products and from fraud. In the U.S., the Federal Trade Commission (established 1914) and the Food and Drug Administration (established 1927) help ensure consumer protection. Regulations address manufacture and design, advertising, labeling, and sales methods. In 1985 the UN produced its Guidelines for Consumer Protection (updated 1995); they cover consumer safety and product standards and education, providing a framework and a benchmark for governments (particularly of less developed countries) to establish a legal basis for consumer protection. See also consumerism, Ralph Nader.


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New Position: Director, Division of Supervision and Consumer Protection
Although other states have allowed insurance companies to charge customers more if they don't have a stellar credit background, California has been a beacon of consumer protection in this regard and blocked insurance credit scoring.
On the July 11 Web cast of Tax Talk Today, an expert panel of Internal Revenue Service officials and tax experts discussed the impact of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 on the tax administration, particularly as it affects Chapter 7 and Chapter 13 bankruptcies for individual debtors with tax liabilities.
 
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