If I had a penny for every time someone asked me “what is consumer law?” I wouldn’t be rich, but I’d sure have a lot of pennies.
Consumer law is the label we’ve given the area of law that protects people like you and me - consumers - by imposing legal requirements designed to protect us from a variety of abuses, including unfair debt collection practices, unfair lending practices and fraud.
What is a consumer? A consumer is someone who purchases items, such as a car, TV, couch, or even a pencil sharpener, and uses it for personal and/or household use. This means that you are not labeled as a consumer when you buy these same or similar items for your business.
There are many situations that would be considered a potential con...