consumer power in general

Question 1

weaknesses of consumers

Answer 1

i. Inability/unwillingness to read content
1. Potentially no disclosures
iii. Consumers lack experience
1. Contracts of adhesion
a. “Take it or leave it”, consumer has no control over the terms
c. Arbitration: alternative to going to court
vi. Caveat Emptor
vii. Generally, know less about the product than the person selling them (knowledge disparity/bargaining power)
viii. Gaps in enforcement of consumer protection laws

Question 2

strengths of consumers

Answer 2

choices, consumers voice opinions on social media, adhesion contracts (purchase mass scale), arbitration is cheaper,

Question 3

consumer law sources

Answer 3

judge made, case law, tort law, contract law

Question 4

what does the CCPA contain

Answer 4

TILA, FCRA, FDCPA, ECOA