As a consumer, it can feel like big companies often run the show. However, it’s critical to understand that there are a number of laws in place intended to provide protection to consumers. As such, familiarizing yourself with these laws is critical to ensure you understand your rights and can fight for justice in the event your rights are violated. The following blog explores some of the most important consumer protection laws and why working with a San Diego consumer protection lawyer is imperative if your rights are violated.
What Are Some of the Major Consumer Protection Laws?
One of the most important laws in place to help protect your rights is the Truth in Lending Act (TILA). This law requires full disclosure regarding the terms and conditions of loans. Not only does this help consumers avoid hidden fees and high interest rates, but it also promotes competition, as it allows consumers to shop for the best loan prices. This act applies to most loans, like mortgages, auto loans, and credit cards.
Another important law you should familiarize yourself with as a consumer is the Fair Credit Reporting Act (FCRA). This act promotes the accuracy and fairness of the information on your credit report while also allowing you the right to dispute any inaccurate information. Not only does this help if you are the victim of fraud, but if a credit furnisher or the reporting agency itself includes incorrect information on your report, you can fight to have the information remedied or removed.
Finally, you should also learn about your rights as provided under the Fair Debt Collection Practices Act (FDCPA). Though it’s taboo to discuss, many Americans are in debt. As such, understanding your rights when interacting with debt collectors is critical. This law provides rules and regulations as to how third-party debt collectors can interact with consumers by prohibiting certain behaviors. For example, collectors cannot harass you, threaten you, pretend to be someone else, or threaten to have you arrested, among other outlawed actions.
What Should I Do if My Rights Are Violated in California?
In the event that your rights have been violated by a credit reporting agency, lender, or debt collector, it’s important to understand your options in these matters. Generally, the most important thing you should do is document the violation. This can help provide critical evidence that your rights were violated. Examples include incorrect information on your credit report with supporting evidence, call logs showing repeated calls from debt collectors, or loan details that were not included in the agreement you signed.
Next, you should file a claim with the agency responsible for enforcing the consumer law that was violated. For example, if you are harassed by a debt collector or your loan terms are inaccurate, you should file a complaint with the Consumer Financial Protection Bureau, while the Federal Trade Commission can assist with FCRA violations.
Finally, you should consider connecting with an experienced consumer defense attorney to explore your legal options. In many instances, violations of these laws can result in damages, for which you can seek compensation from the negligent party. However, trying to file a lawsuit against big companies can be challenging, so it is in your best interest to seek guidance.
At Barthel Legal, our firm understands how difficult these matters can be. That is why we are committed to helping you in the fight for the justice you deserve against companies that violate your rights. When you need help, our firm is here. Contact us today to discuss your situation with a member of our competent legal team.
