Professional Documents
Culture Documents
Federal Law
Federal Law
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Why are Federal Laws and Rights Important?
Laws keep people in check. They strive to keep people safe with
consequences for breaking the law.
Laws are also made to protect the citizens and keep them safe.
Human rights allows people: dignity, freedom, equality, justice, and peace.
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Magnuson-Moss Warranty Act
The purpose of the Act is to make warranties on consumer products
more readily understood and enforceable and to provide the Federal
Trade Commission with means to better protect consumers.
The Act was sponsored by Senator Warren G. Magnuson of
Washington and U.S. Representative John E. Moss of California, both
Democrats.
MagnusonMoss Act was enacted by Congress in response to the
widespread misuse by merchants of express warranties and
disclaimers.
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Truth In Lending Act
The Truth in Lending Act (TILA) protects
consumers against inaccurate and unfair
credit billing and credit cards.
It requires lenders to provide consumers with
loan cost information so that you can
comparison shop for certain types of loans.
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Truth In Saving Act
The act was implemented in order to facilitate competition
between depository institutions and it established uniformity in
the disclosure of terms and conditions pertaining to interest and
fees when informing consumers about their new savings
accounts. Additionally, it is meant to help consumers compare
interest rates, fees, and savings accounts.
Depository Institutions financial institution in the United States
that can legally accept monetary deposits from consumers
Savings banks
Commercial banks
Savings and loan associations
Credit unions
Congress thought that this act would stabilize the economy. RB
Textile Fiber Products Identification Act
This Act enforces mandatory:
Labeling
Invoicing
And advertising of textile fiber products