Consumer Fraud Laws: A Brief History

Consumer Rights Law Firm Serving Clients in Chicago, Illinois, and Nationwide

The ongoing health of our powerful American economy relies in part on the ability of consumers to operate in the marketplace. That’s why the Chicago consumer fraud lawyers at Markoff Leinberger vigilantly fight for your rights against deceptive business practices, scam artists and identify thieves.

Our Chicago consumer fraud lawyers also are aware that too often it’s hard-working people living paycheck-to-paycheck, or senior citizens who spent their lives saving for retirement who fall victim to scammers and consumer fraud.

If you believe you may have been the victim of financial fraud, please contact the consumer protection lawyers at Markoff Leinberger to explore your rights. You can reach our attorneys online or by calling 1-877-905-5161.

A Brief Timeline of Consumer Law

In order to have a better understanding of your rights as a consumer, here are some of the pivotal moments in American consumer protection and fraud law.

1934 — Federal legislators recognized the need to monitor how individuals and business use communications services by passing the Communications Act. These laws were updated in 1996 with the Telecommunications Act, which took into account the growing impact of the Internet on public life.

1972 — The United States Congress passed the Consumer Product Safety Act, which effectively established the U.S. Consumer Product Safety Commission. Although this agency is commonly confused with being part of the federal government, it is actually an independent organization charged (and funded) by the government to define product safety standards, investigate faulty consumer products, and initiate product recalls to protect public safety as necessary.

1991 — The Telephone Consumer Protection Act set clear federal guidelines regarding telemarketing, auto-dialing, and unwanted faxes or text messages with its Telephone Consumer Protection Act. Click here to find out more about the T.C.P.A. and your rights.

2004 — The rights of consumers to operate without nuisance sales communications was cemented with the implementation of the National Do Not Call Registry. This was followed up in 2007 with an update to the law that clarified how consumers register for this do-not-call list, and how to manage phone numbers that are no longer connected.

2008 — U.S. President George W. Bush signed into law a bill to increase the amount of federal funds doled out the U.S.C.P.S.C. This legislation also updated product testing and recall documentation requirements, and set into motion new regulations regarding such specific types of products as shoes, jewelry, toys and much more. Finally, this law incorporated other, smaller, related laws such as the Lead-Free Toys Act.

Although these events represent pivotal moments in the history and advancement of American consumer production and fraud laws, our attorneys know that scammers and thieves work tirelessly and daily to uncover new ways to take advantage of hard-working Americans.

That’s why protecting your rights, and fighting on your behalf after you have been victimized by a scam is a top priority for our attorneys at Markoff Leinberger.

If you believe you may have been the victim of financial fraud, please contact the consumer protection lawyers at Markoff Leinberger to explore your rights. You can reach our attorneys online or by calling 1-877-905-5161.