What Are the Powers of the Consumer Product Safety Commission

question 60

Essay

What are the powers of the Consumer Product Safety Commission (CPSC)? Name some consumer products excluded from the purview of the CPSC.

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Definitions:

Credit Counseling

A service that provides assistance to individuals in managing their debt and improving their financial situation through budgeting and educational resources.

Bankruptcy Proceedings

The legal process by which individuals or entities unable to repay their debts can seek relief from some or all of their debts.

Discharged

Released from a contractual obligation or debt; in legal terms, often refers to being released from bankruptcy restrictions or obligations.

Secured Debt

Debt backed by collateral to reduce the risk of lending, such as a mortgage.