Examlex
Describe the difference between a positive sanction and a negative sanction.
Industry-Wide Safety Standards
Norms and regulations designed to ensure safe practices across an entire industry, often developed by consensus among industry members or mandated by governmental agencies.
CPSC
The Consumer Product Safety Commission (CPSC) is a U.S. government agency responsible for protecting the public from unreasonable risks of injury or death associated with consumer products.
Consumer Financial Protection Bureau
A U.S. government agency tasked with ensuring that consumers are treated fairly by banks, lenders, and other financial companies.
Extending Credit
The practice of allowing a borrower to use resources now and pay for them later, under agreed terms.
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