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hace notes 9-8

hace notes 9-8 - Thursday September8 th Legislation o...

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Thursday September 8     th    Legislation o 1960   Federal Hazardous Substances Labeling Act:   requires  that certain hazardous household products bear cautionary  labeling to alert consumers to the potential hazards.  For  example, cleaning products like bleach have this.  There is  usually also a phone number for poison control as well. o 1967 Fair Packaging and Labeling Act :  applies to labels on  many consumer products.  Requires them to identify contents and  ingredients. o 1966 National Traffic and Motor Vehicle Safety Act allowed new standards to be set by the federal government.  For  example, it created laws about seat belts and air bags. o 1967 Wholesome Meat Act :  State and federal meat inspection.  Taco Bell recently had trouble with this because after an  inspection they found that their “beef” tacos had a lot of fillers in  them, not just meet and you cannot advertise it as beef if it has  fillers. o 1968 Truth in Lending Act :  requires clear disclosure of key  terms of the lending arrangement and all costs.
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o Wholesome Poultry Products Act:   Inspects and grades  poultry o 1969 Child Protection and Toy Safety Act :  Requires warning  labels for age appropriate toys.  For example, toys in happy meals  from McDonalds must have warning labels so that children do not  get hurt. o 1970 :  Credit Card Liability Act Poison, Prevention Packaging  Act, and Clean Air Act.  o 1972 :  Consumer Product Safety Commission established o 1974 :  Fair Credit Billing Act o 1975 :  Magnusson Moss Warranty and Federal Trade  Commission Improvement Act.   o Information used to be very convoluted and confusing for  consumers.  This made information available and at a sixth grade   reading level. o KNOW DATES AND ACTS FOR THE TEST! See the blue boxes  in the book for more detailed information about what each act is.  Only pay attention to the acts she has mentioned though. Recent Decades:  1980s to 2000 Continued trend toward economic and social deregulation, market based approaches, and emphasis on personal responsibility.  
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In the 1980s people believed in less government control and in letting  the market do its job and letting the consumers protect themselves. Some new consumer protection laws primarily in response to events  and new technologies creating previously unaddressed consumer  problems.  For example, the September 11 th  tragedy changed how we fly  with new security procedures.
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