Consumer Law

Consumer Law Newsletters

Advertising and the Consumer Leasing Act – Overview

The Consumer Leasing Act and Regulation M contain special requirements for the advertisement of a “consumer lease,” i.e., a lease for personal property to an individual for more than four months for personal, family, or household use where the total contractual obligation is not more than $ 25,000. The Federal Trade Commission (FTC) enforces the advertising disclosure requirements of the Act and Regulation M.

Air Carrier Access Act – Requiring Attendants for Disabled Passengers

Generally, the Air Carrier Access Act and the U.S. Department of Transportation’s Air Carrier Access Rules prohibit air carriers from requiring disabled persons to travel with an attendant.

Churning

The term “churning” refers to an unethical, illegal practice employed by some brokers. Churning occurs when a broker engages in a high volume of trading on behalf of a client for the purpose of increasing his or her commissions, as opposed to serving the client’s needs.

Dividends

A dividend is a mechanism by which a corporation returns a portion of its earnings to its stockholders. Many corporations pay dividends to their stockholders on a regular basis; however, not all corporations do.

Federal Telemarketing Sales Rule – Records

The Federal Telemarketing Sales Rule requires most sellers and telemarketers to keep certain records for two years. The Rule requires sellers and telemarketers to keep records of: (1) advertising and promotional materials; (2) prize recipients; (3) sales; (4) employees; and
(5) all verifiable authorizations or records of express informed consents or express agreements.

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