Consumer Protection
Safeguards ensuring fair treatment of customers in banking and credit services.
Detailed Description
Consumer Protection
What is the primary goal of consumer protection?
The primary goal of consumer protection is to ensure that consumers are treated fairly and can make informed choices without being misled or exploited.
Why is consumer protection important?
Consumer protection is crucial for maintaining trust in the marketplace, empowering consumers, encouraging fair competition, and preventing fraud.
What rights do consumers typically have?
Consumers typically have the right to safety, the right to be informed, the right to choose, and the right to be heard.
What role do regulatory bodies play in consumer protection?
Regulatory bodies enforce consumer protection laws, investigate complaints, and promote consumer rights.
What are common violations of consumer protection laws in real estate?
Common violations include misrepresentation of property conditions, failure to disclose material defects, and discriminatory practices.