3/21/2017 Authorizing Acts Authorizing Acts Telemarketing Sales Rule ·Pay-Per-Call Rule combats telephone bill cramming-- -prohibits misrepresentations unauthorized charges on consumers' onthe times telnorketer may cl phone bills prohibits calls to a consumer who has asked not to be called again sets payment restrictions for the sale of certain goods and services Authorizing Acts Authorizing Acts Equal Credit Opportunity Act unlawful for any creditor to discriminate 1975,Congress passed the Magnuson-Moss Act against any applicant with respect to: gave FTC authority to adopt trade requlation the basis of race,color,religion,national rules that define unfair or deceptive acts in industries origin,sex,marital status,or age (provided the applicant has the capacity to contract) governs warranties on a product all or part of the applicant's income derives does not require any product to have a from a public assistance program warranty but if it does have a warranty the warranty must comply with this law "applicant has in good faith exercised any right under the Consumer Credit Protection Trade regulation rules have the force of law Act 3/21/2017 3 Authorizing Acts • Telemarketing Sales Rule - requires telemarketers to make specific disclosures of material information - prohibits misrepresentations - sets limits on the times telemarketers may call consumers - prohibits calls to a consumer who has asked not to be called again - sets payment restrictions for the sale of certain goods and services Authorizing Acts • Pay-Per-Call Rule - combats telephone bill cramming -- unauthorized charges on consumers' phone bills Authorizing Acts • Equal Credit Opportunity Act - unlawful for any creditor to discriminate against any applicant with respect to:  the basis of race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to contract)  all or part of the applicant's income derives from a public assistance program  applicant has in good faith exercised any right under the Consumer Credit Protection Act Authorizing Acts • 1975, Congress passed the Magnuson-Moss Act - gave FTC authority to adopt trade regulation rules that define unfair or deceptive acts in industries - governs warranties on a product - does not require any product to have a warranty but if it does have a warranty the warranty must comply with this law • Trade regulation rules have the force of law