Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are Consumer Protection and Fraud?

0
Posted

What are Consumer Protection and Fraud?

0

Consumer Fraud Consumer fraud generally encompasses any unfair or deceptive tactics used to illegally lure consumers into buying something. Types of Consumer Fraud • False advertising – misleading a consumer about some aspect of a product, which was an important factor in the consumer’s decision to buy the product. • Bait and switch – luring the consumer in with an unbeatable deal that is no longer available, and then only offering different products. • Pyramid schemes – any promotion or unrealistic return, when the only money you make is the return on the funds of people newly recruited to the system.

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.