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Written by AskTheLawyers.com™
Consumer protection laws are federal and state statutes that regulate seller and lender practices concerning consumer goods. The Consumer Product Safety Commission (CPSC) and Federal Trade Commission (FTC) are federal agencies that handle product safety standards and consumer complaints, respectively.
A big problem that consumers face is the relatively small amount of economic damages that they suffer as a result of a company’s improper conduct.
A class action lawsuit helps to equalize or tip the balance of power. An individual whose rights have been violated can join together with others who have similar claims against the same defendant.
In ordinary lawsuits, a plaintiff can typically only recover his or her actual losses. However, many consumer protection laws allow consumers to seek additional penalties, which can drastically increase the damage award, sometimes even tripling the amount of actual damages.
If you think that your rights have been violated, contact a consumer rights lawyer that can answers your questions and get you the help that you need. Many lawyers offer free consultations, and there are statute of limitations to consider in some cases. Thus, it is in your best interest to contact a lawyer as soon as possible.
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