BMAL 560 Critical Analysis Template: Consumer Protections For Faulty Products Student Name Corporate Responsibility / BMAL 560 Section: D02 Summer 2019 Liberty University August 9, 2019 Page 1 of 9
BMAL 560 Name: Keith Thompson Class: BMAL 560 Section: D02 Summer 2019 Critical Analysis Topic: Consumer Protections For Faulty Products PRINCIPLE: Defined as laws that concern dangerous or otherwise defective products that can cause injury (serious or minor) or death to countless numbers of consumers each year. If purchased what protections concerning these faulty products can the consumer have when the the fault is discovered. (FindLaw Team, 2019) Legislation to control consumers and violations of manufacturing and production standards Prevents unregulated, falsely advertised and unfair and deceptive business practices Fosters ethical competition in the industry and intends to protect consumers from dangerous products and or practices (Williams, 2019) PRACTICE: Consumer protection laws and regulations are intended to provide consumers a means to be provided a way to litigate cases of product deficiencies that do not conform to industry standards. All consumer products and edibles have a standard that must be met to become available to consumer on an international market Regulations throughout international commerce have been adopted as protections for both consumer and industry Multiple agencies are involved in the United States to provide oversite in these protections as well as international agencies and have created a set of international standards of practice United State regulations are sought as a strict base of regulations that provide protections to industry as a preventive measure PARTICULARS: Federal Trade Commission was created on September 26, 1914, when President Woodrow Wilson signed the Federal Trade Commission Act into law. (U.S. Federal Trade Commission, 2019) United States Consumer Protection agencies o U.S. Department of Agriculture o Consumer Financial Protection Bureau o Consumer Product Safety Commission o Federal Communications Commission o Environmental Protection Agency o Federal Reserve Bank consumer information o Federal Trade Commission Page 2 of 9
BMAL 560 o Food and Drug Administration o Dept. of Housing & Urban Development (HUD) o National Highway Traffic Safety Administration o U.S. Postal Inspection Service o Securities and Exchange Commission fraud/complaint center o Department of Transportation: aviation consumer protection division 18 International Partners involved in the enforcement in consumer protections (Consumer Safety and Health Network (CSHN) , 2015) Prohibit activities through (NCLC, 2018) o Stopping unfair, deceptive and fraudulent business practices o Collecting complaints from consumers and industry partners o Conducting investigations o Suing and or prosecuting companies and people that break the law PERSONS: Champions of Consumer Protection: (SoRelle, 2018) o Governor Elizabeth Duke (FED RES); sponsored legislation – led to steer consumer
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