6 Questions
What is considered a substantial injury under Dodd-Frank?
Any form of harm
What are the three criteria for an act or practice to be considered unfair under Dodd-Frank?
Causes substantial injury, not avoidable by consumers, not outweighed by benefits
What is the significance of a significant risk of concrete harm under Dodd-Frank?
It is considered substantial injury
What is considered a deceptive act or practice under Dodd-Frank?
An act or practice that misleads or is likely to mislead the consumer
What is required to minimize the risk of omitting material information or making false statements that could mislead consumers?
Ensuring that claims are supported before they are made
What must be considered when determining whether an act or practice is deceptive?
The entire situation
Test your knowledge of unfair acts and practices with this quiz! Learn about the criteria defined by Dodd-Frank for what constitutes an unfair act or practice. Find out what types of injuries are considered substantial and not reasonably avoidable by consumers, and understand the importance of weighing the benefits to consumers and competition. Sharpen your understanding of these key concepts with this informative quiz.
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