Consumer Protection
Consumer Protection
This chapter discusses the Consumer Product Safety Commission (CPSC), which is responsible for protecting consumers from dangerous consumer products ranging from children's toys to all-terrain vehicles. The FTC has broad-ranging jurisdiction to protect consumers' pocketbooks from unfair and deceptive trade practices. Despite the FTC's modest efforts to protect internet privacy, the internet remains a huge and largely unregulated marketplace where deceptive advertising, bogus products, overcharging, and many other scams abound. As the primary protectors of consumers from deceptive and dangerous products, the FTC and CPSC are responsible for defining the rules of responsibility for product manufacturers and retailers, and for holding them accountable when they violated those rules. With the rapid globalization of the world economy, their rulemaking role has assumed even greater importance.
Keywords: CPSC, consumer products, FTC, trade practices, internet privacy, globalization
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