what are the consumer protection laws made by government? in details
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A 2003 amendment to the law, the Fair and Accurate Credit Transactions Act, allows consumers to obtain one credit report every year, free of charge. The Truth in Lending Act (TILA) protects consumers against deceptive or unfair practices by banks and other creditors.
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Consumer protection laws are a form of government regulation that aim to protect the rights of consumers. For example, a government may require businesses to disclose detailed information about products—particularly in areas where safety or public health is an issue, such as food.
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