Category: Consumer Protections
Consumer Protections provided by regulatory agency rule-making safeguards consumers from unfair, deceptive, and abusive business practices. These rules establish clear guidelines for businesses, ensuring they operate ethically and transparently. For instance, the (CFPB) has implemented rules that protect consumers from predatory lending practices, such as high-interest rates and hidden fees. Similarly, the (FTC) has established rules governing advertising, preventing businesses from making false or misleading claims about their products or services. These regulations empower consumers by providing them with clear expectations about business practices and offering recourse if their rights are violated.