Mag-Moss rule review: Is it warranty-d?

Federal Trade Commission sent this bulletin at 08/19/2011 12:39 PM EDT

By Svetlana Gans

These days many shoppers wouldn’t think of buying a product without checking if it comes with a written warranty. And companies in it for the long haul understand the importance of living up to their promises if something goes kablooey. But that wasn’t always the case. It wasn’t until 1975 — when Congress passed the Magnuson-Moss Warranty Act — that federal teeth were added to consumer warranty protections.

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