by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is the Consumer Financial Protection Bureau?The Consumer Financial Protection Bureau is a government agency that is tasked with the job of protecting Americans when they make deals with services such as mortgage, credit cards among others. The objective is to...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is a Credit Reporting Agency?Credit reporting/rating agencies are independent bodies that analyze the credit quality of public and private issuers. With so many debt issuers, these agencies were created with the aim of issuing ratings on the risk of securities...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is a Credit Bureau?Credit Bureaus, also known credit rating agencies (CRAs), refer to agencies that collect, organize, and disseminate credit information on individuals and to potential and existing creditors.What does a Credit Bureau Do?In the United States,...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What is consumer protection law?Consumer protection laws are state and federal laws that serve to protect individual consumers from deception or fraud in the marketplace. A consumer is someone who buys something for personal, family, or household use. These laws...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
What major federal laws protect consumers?Consumer protection laws exist at both the federal, state, and local levels. Also, there are numerous private organizations that seek to promote fairness in consumer and commercial transactions. The following are the major...
by TheBusinessProfessor | Feb 23, 2025 | Consumer Protection
REGULATORY AGENCIES Enforce Consumer LawIndividuals affected by a merchant’s conduct may bring a civil action against the merchant. Further, numerous regulations exist that allow injured consumers to report violations of consumer protection laws. In an effort to...
