The CFPB was created in 2010 under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Passed during the Obama administration, the Dodd-Frank legislation sought to make the U.S. financial system safer for consumers by helping to prevent the type of acts that led...
While the U.S. is making progress, the country still lacks dedicated federal legislation akin to the EU's AI Act. Policymakers have yet toissue comprehensive AI legislation, and existing federal-level regulations focus on specific use cases and risk management, complemented by state initiatives. T...
One of the key aspects of the GDPR legislation is the principle of “privacy by design.” This means that technical and organizational measures to protect consumer data should be built into the business applications and processes that will handle that data. As a means of achieving privacy by de...
The Consumer Credit Protection Act Of 1968 (CCPA) is federal legislation that created protections for consumers from banks,credit cardcompanies, and other lenders. The act mandatesdisclosurerequirements that must be followed by consumer lenders and auto-leasing firms and has been expanded significantly ...
Matt Davis is a writer at Osano, where he researches and writes about the latest in technology, legislation, and business to spread awareness about the most pressing issues in privacy today. When he’s not writing about data privacy, Matt spends his time exploring Vermont with his dog, Harpe...
Increasing effort has been invested in the internationalization of consumer law. Some of the recent huge global consumer law–related scandals (e.g.,
by the way. Think about credit cards. Those are unsecured so the interest rate on them is murder because of the risk the credit card company takes. If the borrower goes bankrupt or defaults on the loan, then there is no property for the lender to take back and sell. Hence the higher ...
“In recent years, a growing number of states have enacted laws or considered legislation to exempt menstrual products from the sales tax,” says Katherine Loughead, senior policy analyst and research manager with the Center for State Tax Policy at the Tax Foundation. Calif...
Courts consider the contract as a whole, the term's importance to the contract's purpose, and any relevant legislation or case law. Share Your Discovery Share via Social Media Embed This Content Embed Code Share Directly via Messenger Link Previous ComparisonPepsin vs. Renin Next ComparisonSupe...
However, consumer laws regulate a wide variety of industries. Some of the major pieces of federal consumer protection legislation include: Federal Food, Drug, and Cosmetic Act– The Act gives the federal government the power to regulate a range of products including medications, food, and tobacco...