Federal Consumer Protection Acts

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The Federal Trade Commission (FTC), a branch of the federal government, is concerned with monitoring and protecting the rights of American consumers against fraud and unfair and deceptive practices, including unfair competition. One important way the FTC does this is by promoting federal legislation through consumer protections acts. These acts address all kinds of trade activity, several of which are related to personal finance transactions. Such federal consumer protection acts include: - Credit CARD Act of 2009 - Equal Credit Opportunity Act - Fair and Accurate Credit Transactions Act of 2003 - Fair Credit and Charge Card Disclosure Act - Fair Credit Billing Act - Fair Credit Reporting Act - Fair Debt Collection Practices Act - Truth in Lending Act - Truth in Savings Act In addition to federal laws, most state governments have passed their own consumer protection acts. See also Federal Employment Acts.