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consumer-transactions law.See CONSUMER LAW. [Blacks Law 8th]

consumer transaction.A bargain or deal in which a party acquires property or services primarily for a personal, family, or household purpose. [Blacks Law 8th]

consumer-protection law.A state or federal statute designed to protect consumers against unfair trade and credit practices involving consumer goods, as well as to protect consumers against faulty and dangerous goods. [Cases: Consumer Credit  1; Consumer Protection  2. C.J.S. Credit Reporting Agencies; Consumer Protection §§ 24, 27, 33, 35, 37–39; Interest and Usury; Consumer Credit §…

Consumer Product Safety Commission.An independent federal regulatory commission that develops safety standards for consumer products and promotes research into the causes and prevention of product-related deaths, illnesses, and injuries. • It was established in 1972.15 USCA §§ 2051 et seq. — Abbr. CPSC. [Blacks Law 8th]

consumer product.An item of personal property that is distributed in commerce and is normally used for personal, family, or household purposes. 15 USCA § 2301(1). [Blacks Law 8th]

consumer price index.An index that tracks the price of goods and services purchased by the average consumer and that is published monthly by the U.S. Bureau of Labor Statistics. • The consumer price index is used to monitor periodic changes in the rate of inflation. — Abbr. CPI. — Also termed cost-of-living index. Cf. PRODUCER…

consumer loan.See LOAN. [Blacks Law 8th]

consumer lease.See LEASE. [Blacks Law 8th]

consumer law.The area of law dealing with consumer transactions — that is, a person’s obtaining credit, goods, real property, or services for personal, family, or household purposes. — Also termed consumer-transactions law. [Blacks Law 8th]

consumer-goods transaction.Secured transactions. A transaction in which (1) an individual incurs an obligation primarily for person, family, or household purposes, and (2) a security interest in consumer goods secures the obligation. UCC § 9-102(a)(24). [Cases: Secured Transactions  15.C.J.S. Secured Transactions § 14.] [Blacks Law 8th]