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Consumer Advisory Council (CAC) |
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Consumer Advisory Council (CAC)A statutory body established by Congress in 1976. The Council, with 30 members who represent a broad range of consumer and creditor interests, advises the Federal Reserve Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters on which the Board seeks its advice.Consumer Advisory Council (CAC) Similar MatchesConsumer Credit Protection Act of 1968Consumer Credit Protection Act of 1968Federal legislation establishing rules for the disclosure of the terms of a loan to protect borrowers. See: Truth in lending. Consumer Price IndexConsumer Price IndexThe CPI, as it is called, measures the prices of consumer goods and services and is a measure of the pace of US inflation. The US Department of Labor publishes the CPI every month. Consumer durablesConsumer durablesConsumer products that are expected to last three years or more, such as an automobile or a home appliance. Consumer price indexConsumer price indexAn index which tracks the prices of a variety of goods purchased by an average consumer. The goods typically include food, clothing, utilities and medical care. Also known as the cost of living index which is used as a reference for wage increases and other similar inflation prone items such as Social Security payments. Consumer surplusConsumer surplusThe difference between the maximum that consumers would be willing to pay for a good and what they actually do pay. For each unit of the good, this is the vertical distance between the demand curve and price. For all units purchased at some price, it is the area below the demand curve and above the price. Normally useful only as the change in consumer surplus. Further Suggestionsconsumer durablesChange in consumer surplus National Foundation for Consumer Credit Consumer price index Consumer finance company Consumer interest Consumer support estimate Consumer goods Consumer debenture Consumer movement Consumer credit |
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