Legal

Consumer rights laws exist for many reasons including protecting consumer purchases and stabilizing American capitalism. These types of laws are also referred to as consumer protection laws. The federal government has established laws and constructed agencies to ensure the proper implementation of these laws in every state.

Consumer rights laws protect consumers from many different fraudulent trade practices. In third world countries there are few if any laws protecting the rights of consumers. The lack of laws further encourages the fraudulent practices in trade within the borders of these countries.

Why Consumer Rights Laws are Important
Without consumer protection laws many companies would make unethical decisions to defraud consumers in the production and distribution of their products. Companies often push the envelope when confronted with blurry areas of law. The Magnuson-Moss Act sets the standards for product warranties and governs their enforceability in the United States.

Most recently you will recall consumer rights laws in the form of no call lists or do not call lists. Millions of consumers spoke out communicated to their congresspersons that phone solicitation was intrusive and harassing. Federal and state governments responded and enacted these lists to protect the rights of consumers.