An Archive of News and Developments
There are some labor laws on consumer safety and fraud prevention. Every employee should be aware of these laws. Placed below are the consumer safety and fraud prevention laws.
Consumer safety laws:
Consumer Product Safety Improvement Act (CPSIA)
This law requires the employees to complain within the time period of 180 days, from the time of violation of the Act. Here, the employees who report about the federal government or state attorney general reasonably detected violations of any regulation or statute within the legal power of CPSC (Consumer Product Safety Commission) will be protected.
FDA Food Safety Modernization Act (FSMA)
This Act protects the employees various sectors like food distribution, manufacturers, transporters and packers to report about the violation of Drug, food and cosmetic regulation or Act published under this law. Here, the employees are also secured from retaliation for rejecting to participate in an Activity that breaks the law. You have 180 days’ time here for filing the complaint.
Fraud prevention laws:
Consumer Financial Protection Act of 2010 (CFPA), Section 1057 of the Dodd-Frank Wall Street Reform and Consumer Protection Act
You can compliant about the violation of the law within 180 days; and this law protects you as an employee for reporting the perceived violations of any condition of Dodd-Frank Act that includes almost every aspect of financial services industry. Also, it protects those employees who report regarding the violation of any order, standard, rule or prohibition prescribed by the Bureau of Consumer Financial Protection.
Affordable Care Act (ACA)
180 days is the limited time period for the employees to complain about the violation. This Act protects employees who report about the violations of any provision of Title I of the ACA including, but not restricted to counter Act based on the personal receipt of denial of coverage based on preexisting condition, health insurance subsidies or an insurer’s failure to rebate a portion of an excess premium.
Section 806 of the Sarbanes-Oxley Act of 2002 (SOX)
As an employee, if you have filed a complaint within 180 days from the time of violation of the act, and if you belong to certain companies who report alleged wire, mail, bank or security fraud, you will be protected for complaining about the violations of federal laws related to fraud on the shareholders or violation of Security and Exchange agency regulations and rules. This act also covers the employees belonging to publicly traded companies. Here, the companies have to file some reports with the SEC.
These are various labor laws that employees of various organizations must know.