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consumer protection |
Also found in: Legal, Wikipedia, Hutchinson | 0.04 sec. |
consumer protectionLegal 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Responsibilities: Ensures soundness of financial institutions and compliance with consumer protection laws But Richard Daynard, a Northeastern University law professor who runs the Obesity and Law Project at the Public Health Advocacy Institute, thinks he has found a solution: suing food companies under state consumer protection laws, which "avoids complicated causation issues. The plaintiffs cross-moved for a partial summary declaratory judgment holding that the Hoechst-Andrx agreement was per se illegal under the antitrust and/or consumer protection laws of each state in which the plaintiffs bad asserted claims. |
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