What You Need to Know About Consumer Protection Law
When you make a purchase or sign up for a service from a company, you’re trusting them to deliver on the promises behind their products. Consumer protection laws are designed to provide this assurance. These government regulations are made up of a broad range of laws that cover areas such as:
• Supporting consumer choice by preventing the formation of trusts and monopolies
• Ensuring truth and fairness in advertising
• Preserving healthy competition in the free market
• Guaranteeing consumer safety
• Preventing fraudulent or unfair business practices
Such a broad focus gives you control over your experience with the companies you patronize.
Protecting Your Rights
Consumer protection laws are regulated and enforced by the Federal Trade Commission (FTC). Created in 1914 in an effort to support fair trade, the group now uses a set of industry guidelines and regulations to define “unfair or deceptive” business practices. At the state level, laws relating to consumer rights are handled either by an attorney general or a consumer protection agency.
As a consumer, you’re empowered by these laws to fight back when companies engage in any kind of misleading, deceitful or dangerous practices. This may include faulty products or equipment, dishonest pricing strategies, problems with billing, unrealistic interest rates and fees, failure to honor a warranty or negligence that results in identity theft. The ability to advocate for yourself in the event that any company fails to provide satisfactory services or engages in behavior that puts you at risk provides peace of mind whenever you make a purchase.
When to File a Suit
While it’s possible to file a suit under consumer protection laws for something as small as a store failing to provide a raincheck, it’s important to consult with an attorney to determine whether your case will hold up in court. Some cases aren’t worth the time and money necessary to fight them, but many involve serious situations that should be addressed legally.
If a company’s product or service results in injury or illness, including illness caused by food consumed from stores or restaurants, you can bring a suit against them. A breach of contract or warranty is another reason to take legal action. In cases where consequences are severe enough to warrant a suit but you lack the funds to support a full court case, you may be able to partner with other consumers who experienced similar problems with the same company and file a class action lawsuit. This type of suit uses the power of a large group of people to take action against a company and hold them accountable for damages.
If you feel that you have a legitimate case against a company according to local or federal consumer protection laws, contact Anchor Law Firm. Our experienced attorneys understand the particulars of these laws and can help you get the compensation you’re entitled to. Call Anchor Law Firm today for a free case evaluation, and see how consumer protection laws can work for you.