Consumer's Privacy Bill Of Rights
The Obama Administration proposed the Consumer's Privacy Bill of Rights in 2012 as a roadmap for future legislation. The legislation was put forth on the premise that a huge portion of personal information gathered by American-based businesses regarding their customers and probable customers was still mostly unregulated (Sanders, 2012). In the past few years, the privacy of consumer information that is collected by businesses has been an issue that has attracted considerable debates and huge concerns. This is primarily because United States citizens have always valued their privacy. Actually, from the beginning of the republic, they have always been guaranteed protection against any violation of privacy, especially in relation to interruption of personal information and property.
Consumer privacy has become an issue of considerable attention in today's society because of the increased use of the Internet, particularly smart phones and the World Wide Web. The Internet has developed to become a platform for growth of businesses and innovation, which in turn help in creating future jobs ("Consumer Data Privacy," 2012). The increased innovation has been driven and fueled by use of personal information, which in turn result in the need to apply privacy principles in developing new ways...
Consumer Protection Agency is tasked with ensuring that products which are deemed unsafe are removed from the market either permanently or until they meet federal safety standards. The agency provides a list of these products for the public, and they are generally announce in some fashion also. The agency maintains a website via which it keeps a list of the products that have been recalled and for what reason. The
Consumer Protection Which do you believe presents the greatest threat to civil society: a corporation that commits crimes (e.g., murder, environmental crimes, or bribery, etc.), or persons who commit crimes that harm businesses (e.g., embezzlement, fraud, or larceny, etc.)? Defend your response, using at least one example from current events. The greatest threat to civil society is corporations that commit crimes. This is due in part the overall prevalence of the business
Consumer Protection Memo: Consumer Protection In their article in the Harvard Business Review, Robinson, Viscusi & Zeckhauser (2016) argue that consumer warning labels are not effective. They resoundingly assert that the labels do not communicate adequate information for consumers, especially in terms of benefits and risks. Essentially, the current labeling system is miserably ineffective in differentiating between significant and insignificant risks, or between "wolves" and "puppies" as the authors put it. Most
He defined the ideals that people share about how people ought to behave a "categorical imperative" - a transcendent concept of "rightness of action." No one would want to be taken advantage of the way Countrywide did, and under no circumstances did they themselves believe their actions were "right." Egoism or self-interest ethics may explain the Countrywide rationale, after all, they were acting to advance own interests, over all else.
Potential Concerns about the Consumer Financial Protection Agency Despite the multitude of benefits revealed by the CFPA, commercial banks and mortgage lenders continually present their growing dissatisfaction with the act. Representatives of this side include reputable organizations such as JP Morgan Chase or Wells Fargo, as well as a series of independent mortgage brokers and mortgage lenders and local and regional banking institutions. Their most compelling reasons for the dismissal
This is achieved by forcing them to maintain a list of individuals who do not wish to be conducted about purchasing a variety of products and services. Furthermore, these protections were enacted to ensure that businesses are not engaging in tactics that are abusive by limiting the times when they can call and what they can say. (Caudill, 2000) In contrast with the Consumer Privacy Bill of Rights, the proposed
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