The specific consumer protection statutes enforced by the FTC Credit Practices Division could be characterized by the description that they
A) regulate various components of finance-related transactions between consumers and businesses.
B) may unfairly penalize the consumer in credit transactions involving big-ticket items.
C) are similar in content to the FCC statutes regulating television networks and local stations.
D) completely alter business and consumer financial transactions such that caveat emptor ("let the buyer beware") is no longer a necessary consumer attitude.

Question

Quizplus · Accepted Answer

The FTC Credit Practices Division enforces specific consumer protection statutes that regulate various components of finance-related transactions between consumers and businesses, including lending, debt collection, and credit reporting. These statutes aim to protect consumers from unfair, deceptive, and abusive practices.

The Specific Consumer Protection Statutes Enforced by the FTC Credit