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Consumer protection laws are a combination of federal and state laws that safeguard consumers from unfair business practices and defective products. They cover the advertising and sale of goods, services, and financial products like mortgages, auto loans, and credit cards. The Federal Trade Commission (FTC) enforces federal consumer protection laws, while states use agencies and statutes to enforce and expand on federal laws. Here's what consumer protection laws cover: Deceptive practices: Guarding against false advertising, scams, and fraud Debt collection: Preventing unfair debt collection practices Financial products: Protecting against predatory lending, housing discrimination, and securities fraud Products: Protecting against defective products like cosmetics and medicine Antitrust: Prohibiting anticompetitive mergers and business practices that could lead to higher prices The FTC administers over 70 laws, including the Fair Credit Reporting Act, Identity Theft Act, and Tele