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Advantage Consumer Monthly News Letter of Consumer Protection Council, Rourkela An aware consumer is an asset to the nation VOLUME XXXIIIWebsite : www.advantageconsumer.com AUGUST 2021ADVANTAGE VIIIQueries
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An aware consumer is an individual who is informed about their rights, the products or services available to them, and the implications of their purchasing decisions. They actively seek information and make knowledgeable choices.
Typically, businesses that handle personal consumer data or provide financial products and services are required to file an aware consumer report to demonstrate compliance with consumer protection laws.
To fill out an aware consumer report, gather relevant consumer data, ensure all required fields are completed accurately, review for completeness, and submit to the appropriate regulatory body by the deadline.
The purpose of an aware consumer report is to promote transparency and accountability among businesses, ensuring that consumers are adequately informed about their rights and protecting them from fraud or deceptive practices.
The report typically includes consumer demographics, product or service details, data handling practices, and any incidents of data breaches or consumer complaints.
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