Consumer Protection Laws

Consumer Credit Protection & Fair Credit Reporting Act

Allycia Gullikson & Chantelle Cosme

Consumer Protection Laws

Consumer Protection Laws are a form of government regulations made to protect consumers. The government can require a business to include detailed information about products.

Consumer Credit Protection Act (CCPA)

This act consists of laws that protect consumer rights. It was created to guarantee American consumers fair and honest credit practices. The CCPA is an overarching law that has multiple acts included in it.


Title III

  • restricts the amount of earning that can be garnished


Fair Credit Reporting Act

  • first federal law made to regulate how your personal information is used by private businesses


Truth In Lending Act

  • provides consumers relief from unfair billing


Equal Credit Opportunity Act

  • prohibits creditors from discriminating


Fair Debt Collection Practices Act

  • concerns the way you are treated and contacted by debt collectors


Electronic Fund Transfer Act

  • protection while transferring money electronically

Fair Credit Reporting Act

(FCRA) is an enforcement that promises fairness and honesty for when credit reporting agencies collects your information. This act insures that all the information they collect is and distribute is accurate and fair. This act also includes several smaller acts within that further protect you and your information.


Credit Card Act

  • does not allow credit card companies to increase your interest rate on an existing balance


Dodd-Frank Act

  • stops major financial institutions and creditors from continuing unfair practices


Fair and Accurate Credit Transactions Act

  • enforces rights to protect consumer finances and repair credit report is damage is done due to identity theft