Posts Tagged "Protection"
Continuing from the front page, we will now highlight some of the new amendments of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). Again, to go into affect as of October 17, 2005.
The qualification abilities have changed. The bankruptcy attorney will actually administer a “means test” established by the IRS. The “means test” is different for every state. Part of the new “means test” requires that you disclose, or file if you haven’t filed, your most recent tax return, to verify your actual earned income. You have to have below the average income in your state to fail the “means test”. For example, living in South Dakota, and if you are single, that income is $ 27,000.00 per year and it increases for a family. If you are [Read more...]
Posted by natasha on April 25th, 2012 ~
0 Comments The Consumer Protection Act was passed in the year 1986. This act proposes many rules to protect consumers. However, are all these rules followed? Do you believe the companies know about any of these rules? We can only guess. Consumer products are the products and services which are bought or rented for personal or household use. So, one should keep ones own interest in mind. Prevention is always better than cure. So when you want to purchase anything keep few pointers in mind and then move forward. The Consumer Protection Act can be enforced only after realizing you have been cheated, instead you can be smart and do research about the product you are interested in before making the purchase, and it will save you a lot of confusion and mishaps in the future. We have no demand for information. We have abundant [Read more...]
Posted by natasha on April 14th, 2012 ~
0 Comments Have you heard the phrase “consumer is king”? This phrase is very true in recent days. Gone are the days when companies used to ripe off consumers by selling bad quality products at a high price. Consumers could do nothing if businesses offered cheap quality service for a good amount of money. Now you are not helpless. You should take legal against a company if you feel that you have been cheated in some way by the company.
It can be anything. They may refuse to exchange a bad quality product or they may have offered poor service or the consumption of their product may have caused a serious injury. No matter what the issue is you can take legal action against the company. Many people think that they can not fight back against a big company. This is a misconception. Florida consumer [Read more...]
Of course, this is not to say that problems with consumer protection have been eliminated. But when a product is found to be unsafe, we have a sophisticated system of recalls and alerts that go out over our media. In this way, that the damage and danger from inferior product is vastly minimized from what it might have been.
Consumer rights and protection are an important area of focus for manufacturers and merchants. These laws have a high level of importance for merchants and that drives up quality control and inspection even before the government or legal systems get involved. That is because the outcome of a recall or product failure, especially if that failure leads to injury or death of a consumer, can be devastating both to the individual merchant or company involved and to the market it serves [Read more...]
Posted by natasha on March 14th, 2012 ~
0 Comments Profeco (Procuraduría Federal del Consumidor) is an administrative branch of Mexico’s federal government whose purpose is to strengthen consumer rights. They have one department that is dedicated to assisting foreigners who have made bad purchases in Mexico or fallen victim to timeshare scam. This department is named C.A.R.E., Departamento de Conciliación a Residentes en el Extranjero. Many timeshare scam victims that have purchased timeshare contracts based on fraudulent promises are referred to Profeco to resolve their disputes against the timeshare developer.
If the timeshare scam victim is trying to cancel within the 5-day rescission period, Profeco will give them a standard cancellation letter to sign, date and send by registered mail to the timeshare developer and [Read more...]
Posted by natasha on January 12th, 2012 ~
0 Comments Article by Ashley Smith
Consumer is king. Gone are the days when businesses used to ripe off customers by providing cheap quality products and services against a good deal of money. If you are a victim of such act you can take legal action against the company. Many consumers each year suffer financial and emotional stress due to the deceptive actions of business. You can also hold a company responsible if their product or service has injured you in any way. There is nothing to feel helpless about because the consumer law is there to protect you. If you have been cheated and you think that you can not fight back you are absolutely wrong.
For an individual it seems [Read more...]
The “Dodd-Frank” reform bill was recently signed by President Obama. The “Dodd-Frank” reform bill sets up a Federal Consumer Protection agency that oversees credit, credit/debit cards, consumer loans, payday loans and credit reporting agencies. It will regulate fees and lending practices.
American Financial Institutions will now be required to consider a borrowers income and job status in addition to their credit history.
This is exciting news because irresponsible lending and borrowing was one large contributor to the US financial crisis.
It is exciting because we have long advocated for financial reform and government should be playing a larger role to protect Americans but also to educate them.
You can have a good credit score but still be in [Read more...]
The Consumer Protection Act due to launch in April 2011 is going to change every aspect of our business and how we deal with our consumers. It is being implemented to promote a fair, accessible and sustainable marketplace for consumer products and services and it will have an impact on everything we do as a business.
Businesses need to start by interpreting the act to their own business model and redefine all customer touch-point processes to ensure alignment to the Act as its been interpreted for your business. What financial impact is this going to have on your organisation, for example if you sell a product to a consumer they have a 7 day cooling off period, what percentage of your consumers will decide they no longer wish to have the product they purchased, request their money back and leave you [Read more...]
1. Introduction:
The press in India has always shown its solidarity with the socio economic problems of this country. There are no two opinions about the significant contribution that press, journalists, and the media people have done good work in bringing to light the major issues of social concern. The press in India has always been responsive in performing its duties so that those who are involved in the matters of policy making can give justice to their duties. There is no dearth example as to how the press has played a major role in unearthing certain scandals where people in the corridors of power were involved. It is not a singular matter for Indian media to take up issues, where a collective action, legislation, and policy decisions was an urgent need. Various legislations, [Read more...]
RIGHTS OF CONSUMERS IN CONSUMER PROTECTION LAWS ON DISTANCE TRADING PRACTICES
Many consumers in distance trading suffer financial loss or delays in mail order or online shopping -the consumer protection legislation and Distance Trading Regulations, in basic lay terms, are as follows…
In distant trading mail order companies (including in internet shopping or online shopping) in law do not have to tell you your rights -the entitlement to details exists only if you know your rights and ask ~but it is unlawful also in distance trading for mail order traders expressly or by implication (including orally) to mislead you or to seek to restrict the exercise of your rights in consumer laws.
Whether you have ordered goods from a catalogue, newspaper or magazine, television or [Read more...]
