Consumer Protection Law
Consumer Protection Law refers to a set of regulations designed to ensure the rights of consumers are upheld. These laws protect individuals from unfair business practices, fraud, and misleading advertising. They aim to promote fair competition and provide consumers with the information they need to make informed choices about products and services.
In many countries, agencies like the Federal Trade Commission (FTC) enforce these laws. Consumers can seek remedies for issues such as defective products or deceptive marketing. Overall, Consumer Protection Law plays a crucial role in maintaining trust between consumers and businesses, fostering a safer marketplace.