1.
Doctrine of Unconscionability: states also have specific statutes addressing such problems as door to door sales, debtor protection, and telemarketing fraud
2.
Fair Credit and Charge Card Disclosure Act: Created extensive disclosure requirements for card issuers
3.
Federal Trade commission: Created in 1914 to prevent unfair methods of competition
4.
Food and Drug Administration (FDA): Responsible for protecting the public from dangerous processed food (except meat and poultry), including seafood, drugs, medical devices, radiation-emitting products, and cosmetics
5.
Formal complaint: when an agreement cannot be met so the case will proceed like a trial before an administrative law judge
6.
Fraud: Misrepresentation, must be intentional, the misrepresented party must have relied on this information and some form of injury/loss occurred
7.
Fraudulent expression: an expression made that can falsely advertise a product or mislead someone's judgment
8.
Identity theft: The stealing of one's credit card information, social security number, or other vital information
9.
Innocent of misrepresentation: differs from fraud only that the falsehood was unintentional
10.
Lemon Laws: Laws to protect new car purchasers from being stuck with unusable or defective cars
11.
Liquidation: Most debts are forgiven and all assets except exemptions are distributed to creditors
12.
Regulation Z: Designed to protect consumers from credit abuse and to assist them in becoming more informed regarding credit terms and costs so they could engage in comparison shopping
13.
Silence: may constitute fraud, if party A misunderstands the facts and party B knows the true facts and knows party A misunderstands them and cannot reasonably be expected to discover them
14.
Truth in Lending Act: Same as regulation Z and is part of the Consumer Credit Protection Act of 1968
15.
Unfair and deceptive trade practices: practices that are likely to cause substantial injury to consumers, must not be reasonably avoidable by consumers themselves and must not be outweighed by countervailing benefits to consumers or competition
