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Consumer Law News
Nancy Nord Becomes Acting Chairman Of CPSC
WASHINGTON, D.C. – Effective today, Nancy Nord assumes the position of Acting Chairman of the U.S. Consumer Product Safety Commission (CPSC).
Ms. Nord was appointed by President George W. Bush to be a Commissioner at CPSC and was sworn into office on May 5, 2005. Her term as Commissioner expires in October 2012.
Before coming to the CPSC, Ms. Nord held a number of legal positions both in the federal government and the private sector. A native of South Dakota, she holds a bachelor’s degree from the University of Nebraska and a law degree from the George Washington University in Washington, D.C.
Ms. Nord stated, “I look forward to continuing my open door policy by hearing from and working with all of our agency stakeholders in order to effectively and efficiently carry out the important work of the Commission.”
Definition:
Any mistake in your monthly statement as defined by the Fair Credit Billing Act.
Lessee
Definition:
The party to whom the item is leased. In a consumer lease, the lessee is you, the consumer. The lessee is required to make payments and to meet other obligations specified in the lease agreement.
Implied warranties
Definition:
under state law, consumers are guaranteed certain implied warranties. A “warranty of merchantability” comes automatically with every sale and is the seller’s promise that a product is fit for its ordinary use.
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