Consumer Protection Essays (Examples)

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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 press release gives a full description of the product, why it was recalled, and where it could have been purchased. This is both to let the people who were going to buy it and those who had already purchased it, that the product is faulty and for what reason. The release also gives the people who have already purchased the product information regarding where they can go to have it fixed or the contact information of the firm that can….

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 community within a capitalistic society. Many developed nations depend on business to improve overall societal growth and development. Through business, the overall quality of life for society improves. Simply looking over the last 100 years of America, a minimum wage employee now has a better quality of life than John D. ockefeller did over a century ago. This is due primarily to business within the context of a capitalistic society. As such, due to their prevalence, crimes by business can….

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. Although some conduct is "right" when it advances personal interests, Countrywide's motive was actual "greed" because greed includes "excess" -- demanding more than one is entitled to. Egoism assumes that there is no "entitlement," others also have interests, and interests can and should compete. No one is "more deserving" than another. This also is Adam Smith's view of the market: buyers and suppliers with opposing interests (buyers want the lowest price and suppliers want the highest price) seek a transaction,….

Consumer Protection Memo
PAGES 7 WORDS 685

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 of the consumer warning labels place the same emphasis on both small and huge risks. Such a warning system, according to the authors of the article, is of little benefit to the consumer. In the long-term, consumers tend to disregard warnings as they come across considerably more insignificant risks (puppies) than significant risks (wolves). In other words, treating both minor and major risks with the same weight tends to increase consumers' skepticism about warnings, which may cause truly hazardous risks….

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. epresentatives 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 of the Consumer Financial Protection Agency are succinctly presented below:

1. The banks feel that there is no real necessity for new regulatory legislation as the economy is already showing sighs of recovery; these financial institutions feel that the resources would be better spent otherwise. Additionally, the CFPA does not introduce any real new elements, but politically enforces the lessons already learnt from the economic crisis

2. The state could abuse its power through the Consumer Financial Protection Agency in the meaning….

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 ights, the proposed regulations are designed to enhance protections. This is occurring over the Internet vs. On the telephone. These differences are showing how there is a loop hole in existing regulations as to how these laws are applied. The new guidelines are building upon the provisions from the Telephone Consumer Protections Act of 1991 by establishing procedures as to the way confidential information is used and collected from firms. This is occurring is through placing limits on an organization's online activities. ("Consumer….

Closing the loan is also known as firm commitment, and involves the completion of all key paperwork within a designated time. A closing date is set, and the closing costs are established. hen the client pays the costs and completes the paperwork, the loan is closed.
The next step is to service the loan. Servicing refers to the management of the payments. The loan creates an obligation on the part of the borrower to make payments as specified in the agreement. The role of the bank is to ensure that those payments are received. Servicing may be contracted out to a secondary party. In the U.S. that might be Fannie Mae or Freddie Mac, who provide a secondary market for mortgages. In a servicing arrangement, the bank would collect the payments and remit most of this money to the secondary market investor. The bank would keep a portion of the….

protection of personal rights. For instance, in the case of the U.S. Supreme Court on Griswold V. Connecticut, married couples should have the rights to privacy when it comes to birth control.
PROTECTING THE RIGHTS TO PRIVACY

Imagine the state telling people how many children they can have, what birth control methods they can use, and blasting the personal information of individuals on the television, computer, radio and etc. Personal information about what diseases, medical health, salaries, how many times an individual has been married, how many divorces, and other personal rights should be protected by the Fourth and Fifth Amendments. Should the state laws have the ability to give personal information to others? Should companies or individuals have the right to get personal information about a person off the computers? hat should individuals do to keep their privacy?

In Connecticut, it is a crime for a person to use any drug….

Protection Afforded to a U S
PAGES 17 WORDS 4974

Sometime the debtor is able to successfully reduce its liability and returns to profitability but quite often it returns to seek the court's protection again and sometime the end result is liquidation.
Under Chapter 11 protections, the debtor gets an automatic protection from all creditors. The unsecured creditors cannot lay a claim on assets and secured creditors are also prevented from foreclosing on their collateral. A Chapter-11 company also gets the advantage of discarding or renegotiating union agreements, ability to freeze or cut wages and benefits and restructures its staffing requirement. Retirement and pension plans can also be reviewed or the company can transfer its pension obligations to the Federal Pension enefit Guaranty Corporation.

The reorganization is carried out by the bankruptcy and the court appointed trustee. The trustee appoints committee(s) to represent the creditor's interests and work out a plan for reorganization of the company. The reorganization plan must be….

Conger, 2009).
ecommendations for Organizations

The many factors of data mining and their use for profiling customers and their needs also create opportunities for organizations to build greater levels of trust with their customers as well. And trust is the greatest asset any marketer can have today. The following are a series of recommendations for how organizations can address demographic influences that impact their marketing strategies in light of concerns surrounding the ethics of data mining.

First, it is imperative, across all demographic segments that marketers make a deliberate a very clear effort to explain their opt-in and opt-out policies and also provides evidence that they do what they claim to in this area. The greatest challenge for the consumer is controlling their personal information online and ensuring it is well managed to their preferences (Pratt. Conger, 2009). Marketers who give consumer control over their data in this way will be significantly….

This study will incorporate consumer perceptions and attitude green products, green values, green label and green environment. Finally, it will provide insights on areas of green buying commitment and green purchasing intention (Biel, Hansson & Ma-rtensson, 2008).
eferences

Abele, E., Anderl, ., & Birkhofer, H. (2005). Environmentally-friendly product development: Methods and tools. London: Springer.

Ahvenainen, . (2003). Novel food packaging techniques. Boca aton, FL: CC Press

Biel, a., Hansson, B., & Ma-rtensson, M. (2008). Individual and structural determinants of environmental practice. Aldershot: Ashgate.

Charter, M. (2009). Greener marketing: A global perspective on greener marketing practice. Sheffield: Greenleaf.

Denison, E., & en, G.Y. (2007). Thinking green. Hove: oto Vision.

Farnworth, C., Jiggins, J., & Thomas, E.V. (2008). Creating food futures: Trade, ethics and the environment. Aldershot, England: Gower.

Grunert, K.G., Thogersen, J., & O-lander, F. (2005). Consumers, policy and the environment: A tribute to Folke O-lander. New York: Springer.

Hoyer, W.D., & MacInnis, D.J. (2008). Consumer behavior. Mason, OH:….

Consumer subjective personal introspection of your own buying behavior, and to relate this to the notion of products as extensions of the self and consumer behaviour theory.
buying behaviour

Subjective personal introspection of your own buying behaviour as an extension of the self and consumer behaviour theory

It has been noted in many studies on consumer behaviour that the products that the individual purchases are very often closely linked to the identity and values of that individual. Consumer behaviour has been defined as, "The psychology of how consumers think, feel, reason, and select between different alternatives (e.g., brands, products, and retailers)"and "The psychology of how the consumer is influenced by his or her environment (e.g., culture, family, signs, media)..." (Lerner).

In other words, the products that one purchases are in essence often seen as an extension of one's self. This means that the customer purchasing behaviour is often best understood in terms of the….

Business Law
During the consumer movement of the 1960s and 1970s, Congress enacted a substantial amount of legislation to protect "the good of the people." There is only one problem with consumer protection laws -- they are slow to react and even harder to enforce. As a result of this situation, corporations are allowed to profit at the expense of consumers' health. The resistance comes in a number of stages. The first is denial of the problem, wherein the corporations argue that there is not enough evidence to link their products with the negative outcomes that are being reported. Then there is the lobbying that causes politicians to defer action until a later date, or ignore the call to action altogether. Too often, when statutes are enacted, corporations fight them to the end, resulting in flawed legislation that either has loopholes, require interpretation from the judicial branch or is difficult to….

Australian Consumer Law (ACL) is a broad-based law the impacts both businesses and consumers. The ACL represents a unified codification of a variety of prior product liability laws. In fact, one of its main benefits is that the law is applicable throughout Australia. Another major component of the law is that it imposes a strict liability standard on manufacturers and suppliers of goods, which was not a uniform standard prior to the introduction of this law. This is a relatively new law; the need for it was identified in 2009 after a Productivity Commission reviewed existing consumer protection laws and found glaring inconsistencies, which made it difficult, if not impossible, to enforce those laws that did exist.
Perhaps the greatest change to the law is that the ACL is now a strict liability law. Strict liability "means that a breach may be committed without negligence" (The FindLaw Team, 2012). In other….

History of Direct to Consumer Advertising of Prescription Drugs in the U.S.
Imagine this: you are at home watching television one evening after work. As you casually flip through the channels searching for something interesting to watch, you notice a multitude of advertisements for prescription drug products. This form of advertisement is known as direct-to-consumer advertising, and is now well-known to practically all American households. One needs only to watch virtually any commercial television program or to browse through any consumer-directed magazine to view advertisements for a variety of prescription drugs. In regard to broadcast media, this is a relatively new phenomenon because, for many years, pharmaceutical manufacturers had to follow certain requirements. These requirements consisted of the inclusion of a substantial amount of material about the drug product's side effects, contraindications, and effectiveness.

Recent changes in 1999 under the guidance of the Food and Drug Administration (FDA) altered the decision making….

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4 Pages
Essay

Business - Advertising

Consumer Protection Agency Is Tasked With Ensuring

Words: 1217
Length: 4 Pages
Type: Essay

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…

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4 Pages
Term Paper

Business

Consumer Protection Which Do You Believe Presents

Words: 1316
Length: 4 Pages
Type: Term Paper

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…

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10 Pages
Research Paper

Economics

Countrywide Financial Consumer Protection and

Words: 2493
Length: 10 Pages
Type: Research Paper

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…

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7 Pages
Essay

Business

Consumer Protection Memo

Words: 685
Length: 7 Pages
Type: Essay

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…

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11 Pages
Essay

Economics

Consumer Financial Protection Agency This

Words: 3026
Length: 11 Pages
Type: Essay

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…

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5 Pages
Term Paper

Business - Advertising

Consumer's Privacy Bill of Rights

Words: 1482
Length: 5 Pages
Type: Term Paper

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,…

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4 Pages
Thesis

Economics

Consumer Credit in the American

Words: 1363
Length: 4 Pages
Type: Thesis

Closing the loan is also known as firm commitment, and involves the completion of all key paperwork within a designated time. A closing date is set, and the…

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3 Pages
Term Paper

Education - Computers

Protection of Personal Rights For Instance in

Words: 1209
Length: 3 Pages
Type: Term Paper

protection of personal rights. For instance, in the case of the U.S. Supreme Court on Griswold V. Connecticut, married couples should have the rights to privacy when it…

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17 Pages
Term Paper

Business

Protection Afforded to a U S

Words: 4974
Length: 17 Pages
Type: Term Paper

Sometime the debtor is able to successfully reduce its liability and returns to profitability but quite often it returns to seek the court's protection again and sometime the…

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6 Pages
Research Paper

Business - Advertising

Consumer Privacy Regulations and Ethics

Words: 2099
Length: 6 Pages
Type: Research Paper

Conger, 2009). ecommendations for Organizations The many factors of data mining and their use for profiling customers and their needs also create opportunities for organizations to build greater levels of…

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5 Pages
Research Proposal

Business - Advertising

Consumer Attitudes Towards Green Packaged

Words: 1701
Length: 5 Pages
Type: Research Proposal

This study will incorporate consumer perceptions and attitude green products, green values, green label and green environment. Finally, it will provide insights on areas of green buying commitment…

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5 Pages
Essay

Business - Advertising

Consumer Subjective Personal Introspection of Your Own

Words: 1839
Length: 5 Pages
Type: Essay

Consumer subjective personal introspection of your own buying behavior, and to relate this to the notion of products as extensions of the self and consumer behaviour theory. buying behaviour Subjective personal…

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4 Pages
Essay

Agriculture

Business Law During the Consumer Movement of

Words: 1307
Length: 4 Pages
Type: Essay

Business Law During the consumer movement of the 1960s and 1970s, Congress enacted a substantial amount of legislation to protect "the good of the people." There is only one problem…

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6 Pages
Essay

Business - Law

Australian Consumer Law ACL Is a Broad-Based

Words: 2059
Length: 6 Pages
Type: Essay

Australian Consumer Law (ACL) is a broad-based law the impacts both businesses and consumers. The ACL represents a unified codification of a variety of prior product liability laws. In…

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2 Pages
Term Paper

Business - Advertising

History of Direct to Consumer Advertising of Prescription Drug Products in US

Words: 729
Length: 2 Pages
Type: Term Paper

History of Direct to Consumer Advertising of Prescription Drugs in the U.S. Imagine this: you are at home watching television one evening after work. As you casually flip through the…

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