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Legislation Major ProvisionsFederal hazardous substanceslabeling act (1960)Required warning labels on household chemicals if they were highly toxickefauver-harris Drug amendments (1962) established testing practices for drugs and required manufacturers tolabel drugs with generic names in addition to trade namescigarette labeling act (1965) Required manufacturers to place standard warning labels on all cigarettepackages and advertisingFair packaging and labeling act (1966) called for all products sold across state lines to be labeled with netweight, ingredients, and manufacturer’s name and addressMotor vehicle safety act (1966) established standards for safer carstruth in lending act (1968) Required lenders and credit merchants to disclose the full cost of financecharges in both dollars and annual percentage ratescredit card liability act (1970) limited credit-card holder’s liability to $50 per card and stopped credit-card companies from issuing unsolicited cardsFair credit Reporting act (1971) Required credit bureaus to provide credit reports to consumers regardingtheir own credit files; also provided for correction of incorrect informationconsumer product safety commission act (1972) established an abbreviated procedure for registering certain generic drugsFair credit Billing act (1974) amended the truth in lending act to enable consumers to challengebilling errorsequal credit opportunity act (1974) provided equal credit opportunities for males and females and formarried and single individualsMagnuson–Moss warranty–Federal tradecommission act (1975)provided for minimum disclosure standards for written consumer-productwarranties for products that cost more than $15amendments to the equal credit opportunityact (1976, 1994)prevented discrimination based on race, creed, color, religion, age, andincome when granting creditFair Debt collection practices act (1977) outlawed abusive collection practices by third partiesnutrition labeling and education act (1990) Required the Food and Drug administration to review current foodlabeling and packaging focusing on nutrition label content, label format,ingredient labeling, food descriptors and standards, and health messagestelephone consumer protection act (1991) prohibited the use of automated dialing and prerecorded-voice callingequipment to make calls or deliver messagesconsumer credit Reporting Reform act (1997) placed more responsibility for accurate credit data on credit issuers;required creditors to verify that disputed data are accurate and to notifya consumer before reinstating the datachildren’s online privacy protection act (2000) placed parents in control over what information is collected onlinefrom their children younger than 13 years; required commercial website operators to maintain the confidentiality, security, and integrity ofpersonal information collected from childrenDo not call implementation act (2003) Directed the Fcc and the Ftc to coordinate so that their rules areconsistent regarding telemarketing call practices including the Do notcall Registry and other lists, as well as call abandonmentcredit card accountability, Responsibility,and Disclosure act (2009)provided the most sweeping changes in credit card protections since thetruth in lending act of 1968Dodd–Frank wall street Reform and consumerprotection act of 2010promoted the financial stability of the united states by improvingaccountability and responsibility in the financial system; established anew consumer Financial protection agency to regulate home mortgages,car loans, and credit cards; became public law on july 21 , 2010
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