A more thorough explanation:

Consumer-protection law is a set of rules created by the government to protect people who buy goods and services. These laws are designed to make sure that businesses treat their customers fairly and don't take advantage of them.

For example, if a company sells a product that is dangerous or doesn't work properly, consumer-protection laws give the customer the right to return the product and get their money back. These laws also require companies to be honest in their advertising and not make false claims about their products.

Another example of consumer-protection law is the Fair Credit Reporting Act. This law requires credit reporting agencies to make sure that the information they collect about people's credit histories is accurate and up-to-date. It also gives people the right to see their credit reports and dispute any errors they find.

Overall, consumer-protection laws are important because they help to ensure that people are treated fairly when they buy goods and services. They give consumers the power to hold businesses accountable when they don't live up to their promises or when they sell products that are dangerous or defective.