FINA 2244 Lecture Notes - Lecture 19: Consumer Financial Protection Bureau, Truth In Lending Act, Fair Credit Billing Act
Document Summary
Food and drug regulation- the food and drug administration (fda) is responsible for monitoring food and drug safety: food safety- began with the pure food and drug act of 1906. The act focused on sanitation and misbranding of food and drug products. Standards and protection- the fda and the us department of. Agriculture (usda) have detailed regulations concerning inspection of foods and both agencies inspect food processors. Food quality protection- the delaney clause of the food, drug and. Cosmetic act gave the fda the authority to set the safe-use level of food additives: nutrition labeling- the nutrition labeling and education act of 1990. Nutrients by serving size- labels must include the following information per serving portion: a. Total fat and saturated fat- c. carbohydrates- d. cholesterol- e. calcium- f. fiber- g. iron- h. sodium- i. protein- j. vitamins a and c- Standards for health claims- labels must also meet standards for commonly used words.
