Download Consumer Protection and Regulatory Terms and more Quizzes Business and Labour Law in PDF only on Docsity! TERM 1 advertising substantiation program DEFINITION 1 the Federal Trade Commission requirement that advertisers and advertising agencies havea reasonable basis for product claims TERM 2 consent decree DEFINITION 2 a judgment entered by consent of the parties and approval of the court; usually the defendant agrees to stop alleged illegal activity without admitting guilt or wrongdoing TERM 3 consumer credit reports DEFINITION 3 files maintained by credit reporting companies that contain a consumer's credit history and evidence of income and debt; data may be sold for legitimate business purposes TERM 4 debt collection agency DEFINITION 4 a business that is paid to, or buys the rights to, collect the debts owed to a business by consumers TERM 5 deception DEFINITION 5 in consumer protection law, a claim, practice or omission that is likely to mislead a reasonable consuimer and cause the consumer to suffer a loss TERM 6 learned intermediary doctrine DEFINITION 6 rule that professional medical personnel, and not the manufacturer, are liable if they prescribe a drug for an unintended use or in unintended dosages and cause harm to the patient TERM 7 trade regulation rules DEFINITION 7 administrative rulings by the Federal Trade Commission or other agencies that (1) hold certain practices to be illegal or (2) create standards that must be met by sellers of certain products or services TERM 8 unfairness DEFINITION 8 in consumer protection law, a charge under the Federal Trade Commission Act that a business practice causes harm that consumers cannot reasonably avoid TERM 9 Wyeth v Levine DEFINITION 9 court cause in which Wyeth's compliance with FDA drug labeling requirements did not shield it from liability for violating tougher state requirements TERM 10 Food and Drug Administration DEFINITION 10 an agency of the Federal Government, responsible for monitoring food and drug saftey TERM 21 Equal Credit Opportunity Act DEFINITION 21 ECOA TERM 22 Electronic Fund Transfer Act DEFINITION 22 EFTA TERM 23 Fair and Accurate Credit Transaction Act DEFINITION 23 FACT Act TERM 24 Fair Credit Billing Act DEFINITION 24 FCBA TERM 25 Fair Credit Reporting Act DEFINITION 25 FCRA TERM 26 Fair Debt Collection Process Act DEFINITION 26 FDCPA TERM 27 Truth in Lending Act DEFINITION 27 TILA TERM 28 the US Department of Agriculture DEFINITION 28 What federal department has primary responsibility for sanitation of meat, poultry, and eggs? TERM 29 Delaney Clause (Food Additives Amendment) DEFINITION 29 What amendment was added to the Food, Drug, and Cosmetics Act of 1938 in 1958 that gave the FDA the authority to set the safe-use level of food additives and had a strict "zero risk" standard? TERM 30 Food Quality Protection Act of 1996 DEFINITION 30 What act replaced the Delaney Clause (Food Additives Amendment) in 1996 and stated that the FDA is to ensure a "reasonable certainty of no harm" (meaning no more than a one-in-a-million lifetime chance of caner) from any source that affects foods
