Based in the reading below, could you please help me making a conclusion.

The consumer financial protection bureau has come up with certain measures to protect the consumers and ensure they get the best treatment in trade. Consumers have all along been treated in unfair, deceptive and fraudulent practices and the commission has come up and ensure they collect complaints and conducts thorough investigations. The body has put up measures on suing people and companies that break the law in order for the consumer to be protected against al the other bad intentioned people in the business industry.The body has also developed rules to maintain the fair market place.

The regulation put in place by these bodies to provide consumer protection. Consumer laws are meant to protect them against some issues in the market. The consumer warranty and contract to the services is important. Whenever a consumer buys a merchandise then it comes with the warranty. And this gives the consumer a guarantee it will serve the purpose it was purchased for and it will function as intended. There is expressed and implied warranty. In the express warranty the consumer is promised that the item will function for a specified period of time and it can both be written or oral in nature while the implied warranty implies that the item will work properly and be of average quality as long as the item is used for the purpose it was purchased for.

Consumers are fragile in any market place and needs protection against violation of their rights. The consumer protection bureau has come up with some steps to ensure they have the best consumer protection.

There is measures to protect the consumers from the unsafe, misbranded or low quality foods.

Consumers are given rights to consultation with the decision-making bodies and the advisory committee on food safety and they participate in the committee of food safety, quality control and the labelling standards.

The body has developed human resource required for the designing and implementing the food and water control systems.

There is surveillance and the monitoring programs for the food borne diseases and contaminants.

There are some of the penalties imposed on the violation of the consumer rights and they have played a big role in ensuring the consumers are protected against any breach of their rights. Depending on the nature of the offense and breach the operating certificates and licenses may be revoked and the body confiscates anything used by the body to violate the rights. Anybody fund on the wrong side shall be either warned or fined.

The significance of the consumer protection.

Consumers' needs protection and these rights protect the consumers from fraud and some unfair treatments. The body has come up with some of the rules and regulations which has benefited a lot of the consumers. These rules shape the consumers and since some of the US consumers are not well organized and the vendors exploit them easily, these regulations benefit them and protect them from exploitation. Consumers are also educated on their basic rights as well because most of the consumers do not know or are aware of their rights and these acts secures their rights and interests.

The UNCTAD Consumer protection Act 2017 edition is one of the best referencing and supports the developing countries in their transitions.

Koopman, C., Mitchell, M., & Thierer, A. (2014). The sharing economy and consumer protection regulation: it has changed the way Americans shop and borrow as consumers.