Consumer fraud occurs when a person suffers from a financial or personal loss. Fraud can involve the use of deceptive, unfair, misleading, or false business practices. Fraudsters typically target the elderly and college students, but all consumers are at risk of fraud. TheConsumer Financial Protec...
In 2015, the United States Environmental Protection Agency (EPA) found that many VW cars being sold in America had a "defeat device" in diesel engines that could detect when they were being tested. In reality, cars emit up to 40 times the allowed levels of nitrogen oxides, pollutants that ...
Examples of laws and regulations in the domestic legal environment include labor laws, environmental regulations, tax codes, intellectual property laws, antitrust regulations, and consumer protection laws. Social Legal Environment The social legal environment involves the regulatory framework and legal struct...
Banking fees are subject to various government regulations, industry standards, and consumer protection laws. This section provides an overview of these policies and their implications for customers. Government Regulations Financial institutions must adhere to government regulations that govern banking fees, ...
Consumer Goods Sales Law This area of law deals with the Uniform Commercial Code, a set of laws covering contracts, fraud, leases, and secure transactions. Business lawyers often specialize in applying these laws to ensure companies comply with the law and advise them on best practices. ...
Many countries have laws requiring that milk be pasteurized as a protection against pathogenic (disease-causing) organisms.Pasteurizationis a partial sterilization accomplished by raising the milk to a temperature high enough to destroy pathogenic bacteria and a large proportion of those causing spoilage....
Whereas economic interests and most cause groups benefit a narrowconstituency,public interest groups promote issues of general public concern (e.g., environmental protection,human rights, and consumer rights). Many public interest groups operate in a single country (e.g., the German Union for Natur...
There are several consumer protection laws relating to credit protection and a large variety of others relating to various industries such as warranties, the Magnuson-Moss Warranty Act, and commercial transactions, the Uniform Commercial Code. A credit score is a three-digit number that measures the...
Government actions or laws Infestation of birds, rodents or insects Intentional loss Mechanical breakdown Mold Nuclear hazard Pets Vandalism if the property is vacant more than two months War and surrection Water damages from floods or sewer backup Because an HO-5 policy is written on an open peri...
Server failures or other technical issues could hurt sales while a data breach or failure to protect customers’ payment information may leave the company exposed to penalties under consumer-protection laws, while also harming the brand’s finances and reputation. Companies should also be aware of ...