The Role of Consumer Protection Agency and the Judiciary on Consumer Protection

Good Essays
THE ROLE OF CONSUMER PROTECTION AGENCY AND THE JUDICIARY ON CONSUMER PROTECTION

A consumer can be defined as someone who acquires goods or services for direct use or ownership rather than for resale or use in production and manufacturing. Consumer protection consists of laws and organizations designed to ensure the rights of consumers as well as fair trade competition and the free flow of truthful information in the marketplace. The laws are designed to prevent businesses that engage in fraud or specified unfair practices from gaining an advantage over competitors and may provide additional protection for the weak and those unable to take care of themselves. Consumer protection laws are a form of government regulation which aims to protect the rights of consumers. For example, a government may require businesses to disclose detailed information about products—particularly in areas where safety or public health is an issue, such as food. Consumer protection is linked to the idea of "consumer rights" (that consumers have various rights as consumers), and to the formation of consumer organizations, which help consumers make better choices in the marketplace and get help with consumer complaints. Other organizations that promote consumer protection include government organizations and self-regulating business organizations such as consumer protection agencies and organizations, the Federal Trade Commission etc. Consumer interests can also be protected by promoting competition in the markets which directly and indirectly serve consumers, consistent with economic efficiency. In Nigeria, the major Consumer Protection Agency saddled with this responsibility is the Consumer Protection Council (CPC). Consumer Protection Council (CPC) is a Parastatal of the Federal Government of Nigeria, supervised by the Federal Ministry of Trade and Investment. Though established by Act No. 66 of1992, it commenced operations only in 1999, when its institutional framework was put in

You May Also Find These Documents Helpful

  • Good Essays

    Consumer Protection

    • 14890 Words
    • 60 Pages

    by the consumer is influenced by the level of consumer awareness achieved. By "consumerism" we mean the process of realizing the rights of the consumer as envisaged in the Consumer Protection Act (1986) and ensuring right standards for the goods and services for which one makes a payment. This objective can be achieved in a reasonable time frame only when all concerned act together and play their role. The players are the consumers represented by different voluntary non-government consumer organizations…

    • 14890 Words
    • 60 Pages
    Good Essays
  • Best Essays

    Consumer Protection

    • 2071 Words
    • 9 Pages

    Financial Consumer Protection-Existing and Proposed as per FSLRC- Priyanka Singla, MIB, DSE Abstract Financial consumer protection is one thing that everybody is vouching for. The laws pertaining to financial consumer protection were made in 1930s. So the time has come to pay a some attention to the old laws and modify them taking into account the problems and grievances of financial consumers of today’s era. This paper is an analysis of existing financial consumer protection and the proposed structure…

    • 2071 Words
    • 9 Pages
    Best Essays
  • Good Essays

    CONSUMER PROTECTION

    • 1069 Words
    • 5 Pages

    Consumer protection Act Introduction A consumer protection Act, 1986, provides for the better protection of consumers. Unlike existing laws which are punitive or preventive in nature, the provisions of this Act are compensatory in nature. The act is intended to provide simple, speedy and inexpensive redressal to the consumers' grievances, award relief and compensation wherever appropriate to the consumer. RIGHTS ENJOYED BY CONSUMER Right to be protected against the marketing of goods…

    • 1069 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Consumer Protection

    • 7622 Words
    • 31 Pages

    Christ University Law Journal A research paper on: “Evolution of Consumer Protection and Way Forward” Submitted to: The Journals and Publications Society, School of Law, Christ University Author: Abhishek Gupta Co-author: Kritika Mishra Faculty of Law, JAMIA MILLIA ISLAMIA UNIVERSITY, NEW DELHI ACKNOWLEDGEMENT At the outset, I would like to thank School of Law, Christ University with its core team of The Journals and Publications Society, School of Law, Christ University for organising…

    • 7622 Words
    • 31 Pages
    Powerful Essays
  • Good Essays

    Consumer Protection

    • 4819 Words
    • 20 Pages

    suddenly valued in the employment marketplace. "A moment comes, which comes but rarely in history, when an age ends, and when the soul of a nation, long suppressed, finds utterance." This is that moment. And the utterances are music to the ears of consumer marketers, especially lifestyle brands. The 'youth' market they've been chasing all these years finally has a credit card with no supervised spending limit. The impact of consumerism by 'indies' - financially independent young people - is clearly…

    • 4819 Words
    • 20 Pages
    Good Essays
  • Powerful Essays

    Consumer Protection

    • 3406 Words
    • 14 Pages

    ZENITH International Journal of Multidisciplinary Research Vol.1 Issue 1, May 2011, ISSN 2231-5780 CONSUMER PROTECTION AND CONSUMERISM IN INDIA Ms Kiran Chaudhry*;Ms Tanu Chandhiok**;Mrs Parveen Dewan*** * Assistant Professor, Shivaji College, University of Delhi, Delhi, India **Lecturer, Yamuna Group of Institutions, Gadholi, Jagadhri, Haryana, India *** Principal, Sanatan Dharam Model School Jagadhri, Yamunanagar, Haryana, India __________________________________________________________________…

    • 3406 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Consumer Protection

    • 400 Words
    • 3 Pages

    Total Number of Consumer Complaints Filed / Disposed since inception Under Consumer Protection Law (Update on 01.08.2014) Sl. No. Name of Agency Cases filed since inception Cases disposed of since inception Cases Pending % of total Disposal Remarks 1 National Commission 89495 77770 11725 86.90% 2 State Commissions 645486 554341 91145 85.88% 3 District Forums 3442730 3176518 266212 92.27% TOTAL 4177711 3808629 369082 91.17%…

    • 400 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Consumer Protection

    • 700 Words
    • 3 Pages

    Consumer protection laws are designed to ensure fair competition and the free flow of truthful information in the marketplace. The laws are designed to prevent businesses that engage in fraud or specified unfair practices from gaining an advantage over competitors and may provide additional protection for the weak and those unable to take care of themselves. Consumer Protection laws are a form of government regulation which aim to protect the interests of consumers. For example, a government may…

    • 700 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Consumer Protection

    • 2377 Words
    • 10 Pages

    Ruff (1995) stated that the criminal liability of producers, distributors and suppliers of unsafe products is covered under Part II of the Consumer Protection Act of 1987, which has mandated a general safety requirement. The producer, distributor or supplier of unsafe products incur criminal liability for failure to exercise due diligence. The law is strict but the criminal liability can be dispensed with after showing that they exercised due diligence and have reasonable grounds to believe that…

    • 2377 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Telecoms Consumer Protection

    • 11613 Words
    • 47 Pages

    R e g u l at o R y & m a R k e t e n v i R o n m e n t R e g u l a t i o n a n d consumeR pRotection in a conveRging enviRonment m Te l e c o m m u n i c a t i o n a r c h D e v e l o p m e n t 2 0 S e c t o r 1 3 Regulation and consumer protection in a converging environment March 2013 This report has been prepared for ITU by Rosalind Stevens under the direction of the BDT Regulatory and Marked Environment division.  Please consider…

    • 11613 Words
    • 47 Pages
    Powerful Essays