BLAW371 Chp 19

low-fat

3 grams of fat or less per 100 grams of food is considered?

low-calorie

40 calories or less per 100 grams of food is considered?

Fair Credit Reporting Act

A federal law that established procedures that consumer-reporting agencies must follow in order to ensure that records are confidential, accurate, relevant and properly used.

Consumer Leasing Act

A federal statute that extends the TILA's coverage to lease terms in consumer leases

Fair Debt Collection Practices Act

A law that protects consumers from abusive practices by creditors and collection agencies

Truth in Lending Act

An act which requires lenders to inform borrowers of all direct, indirect and true costs of credit.

Yes, they do.

Does the FDA have responsibility for oversight of medical devices, surgical equipment, power wheelchairs, artificial hearts, pacemakers, etc.?

Mail Order Rule

If a company sells merchandise by mail, it must ship goods in the time stated in its ads

Equal Credit Opportunity Act

Law that states that a consumer's credit application can only be judged on the basis of financial responsibility not the applicant's gender, race, marital status, age, national origin, or receipt of public assistance

Class I Devices (FDA)

Low risk devices such as most hand-held surgical instruments and ultrasonic cleaners. These are subject to general controls, typically exempt from pre-market submission requirements .

Class II Devices

Medium risk devices, examples include powered wheelchairs, infusion pumps, surgical drapes.

Class III Devices (FDA)

Most stringently regulated devices, such as heart valves, pacemakers, and other life-sustaining devices. Pre-market approval (PMA) from FDA must be acquired for new devices.

light or lite

One-third fewer calories than the comparison item; 50% or less of the fat or sodium than the comparison item makes food?

affirmative disclosure order

Order requiring a company to place affirmative disclaimers into future ads, stating how the product will not benefit the consumer

Food, Drug, and Cosmetic Act

Prohibits sale of any drug until FDA approves application submitted by manufacturer. Drugs must be safe for intended use.

Nutrition labeling

Regulations issued by the FDA and the USDA's Food Safety and Inspection Service (FSIS) state that any nutritional health claims made about food must be documented on labels and menus

True

T or F? FDA approval is evidence of safety, not a shield against liability.

False

The FDA can't force existing products--food, cosmetics, medical devices--removed from the market. T or F?

FTC (Federal Trade Commission)

The main federal agency designed to enforce consumer protection laws

Lanham Act

a 1946 law that spells out what kinds of marks (including brand names) can be protected and the exact method of protecting them

Dodd-Frank Act

a law enacted in the aftermath of the financial crisis of 2008-2009 that strengthened government oversight of financial markets and placed limitations on risky financial strategies such as heavy reliance on leverage

deceptive advertising

a representation, omission, act, or practice in an advertisement that is likely to mislead consumers acting reasonably under the circumstances

organic

food must meet FDA and USDA specifications to be considered?

fresh

food that has not been processed, frozen or preserved is considered?

Fair and Accurate Credit Transactions Act

gives consumers the right to request a free copy of their credit report every year.

U.S. Department of Agriculture

has primary responsibility for sanitation of meat poultry and eggs

Delaney Clause of Food, Drug, and Cosmetic Act

prohibits the FDA from approving the use of any food additive found to cause cancer in animals or humans

multiple product order

requires a firm to stop false advertising for all of its products, not just the product involved in the original action

Consumer Credit Protection Act

requires the clear explanation of consumer credit costs and garnishment procedures (taking wages or property by legal means) and prohibiting overly high-priced credit transactions

correcting advertising order

statement that past advertisements were false

Kefauver-Harris Amendment

the 1962 legislative act that required that manufacturers show drugs to be both safe and effective before marketing them

The FTC

who is in charge of enforcing federal laws against deceptive advertising?

FDA

who mainly has powers over food quality and food safety?