Role Of The Consumer Financial Protection Bureau - 1433 Words

Tamara Rose Week 2 Homework MGM520 1. State the administrative agency that controls the regulation. Explain why this agency and your proposed regulation interest you (briefly). Will this proposed regulation affect you, or the business in which you are working? If so, how? The regulation that I have chosen for this paper is amendment in the Regulation X i.e. â€Å"Real Estate Settlement Procedures Act† and Regulation Z which is for â€Å"Truth in Lending†, for establishing the new disclosure requirements and forms in Regulation Z for the most closed-end consumer credit transactions secured by the real property. This regulation is controlled by the Bureau of Consumer Financial Protection. The role of the Consumer Financial Protection Bureau (CFPB) is to provide consumers information related to the terms of their agreements with financial companies during their application for a mortgage, choosing among credit cards, or using any number of other consumer financial products. The mortgage market is the single largest market for the consumer of financial products and the services in the United States, with approximately $10.4 trillion in loans outstanding. Since last decade, market went through an unprecedented cycle of the expansion and the c ontraction that was fuelled in the part by securitization of mortgages and the creation of increasingly sophisticated derivative products. This led to the collapse of financial system in 2008 and sparked the most severe recession in United States.Show MoreRelatedWhy The Cfpb Has The Authority Of A Regulations That Restrict Backoffices Transactions1071 Words   |  5 Pagesagainst the citizens financial data while BackOffice tracking the financial data through applications that connected to the bills sender. This data protection is one of the CFPB s mission which is strictly protect the citizens financial data, the bill sender that through a BackOffice third party billing applications would also transmit the consumer privacy data, it is the primary focus of consumer protection. Dealing with the constitutional rights, CFPB actually protects the consumer s right to obtainRead MoreFinancial Education : An Organization For The World Of Economics And Finance905 Words   |  4 Pagesterm financial education is consented to be general and clearly recognized. In an effort to develop sound financial decision making amongst consumers, under which financial literature from current ongoing financial education programs is analyzed, education is the main delivery route. Under several databases, this research narrowed itself when used the terms financial education, financial education research and community impact; the National Institute of Health darted this National Bureau of EconomicRead MoreElizabeth Warren, The Country s Leading Financial Policy Experts1683 Words   |  7 PagesElizabeth Warren, born Elizabeth Herring, is considered one of the country’s leading financial policy experts. Warren fights for lower and middle class families and works to protect them from large corporations and financial institutions. Originally she attended George Washington University, but she dropped out of college after two years to marry and follow her husband to Texas, where she finished her degree in speech pathology (Biography.com, n.d.). While a mother of three and working as a speechRead MoreProtecting The American Consumer : What Is The Federal Trade Commission?1320 Words   |  6 PagesAmerican Consumer: What is the Federal Trade Commission For the last 100 years a single federal agency has stood to protect the american consumers. The Federal Trade Commission (FTC) was established as an administrative government agency that was created by congress to enforce the Federal Trade Commission Act (FTCA). The FTCA gives authorities the power to prohibit unfair methods of competition as a means to protect consumers. The Commission’s mission is dual objective, protect consumers and promoteRead MoreGuidelines Of Title Vii Of The Civil Rights Bill Of 19641454 Words   |  6 Pagesshareholder reports. I explored the Consumer Financial Protection Bureau (CFPB) and t he possibility of regulations that could regulate and restrict the kind of transactions that BackOffice will automate and that these regulations could adversely affect the market for the new app. According to (About us, 2015) â€Å"The Dodd - Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd - Frank Act) established the CFPB.† This organization educates the consumer about abusive practices, enforceRead MoreThe Dodd Frank Wall Street Reform And Consumer Protection Act Essay1486 Words   |  6 PagesA magnified outlook on The Dodd Frank Wall Street Reform and Consumer Protection Act. The united states is currently the proprietor of nearly nineteen trillion dollars in debt, and that number continues to increase to by 2.53 billion per day. With close to three hundred million people in the united states each shared citizen’s debt would be around sixty-one thousand dollars. (debt calculator website). In 2008 at the end of the George bush administration the country was said to be in the worst economicRead MoreConstitutional Rights And Guarantees Regarding Business Transactions1185 Words   |  5 PagesBackOffice Application Patten University Contents Background Information 3 BackOffice Application 4 Constitutional Rights and Guarantees Regarding Business 4 Roles of Contracts in business Transactions 5 Ethical Considerations pt.1. 7 Ethical Considerations pt.2. 7 Negotiable Instruments 8 Employment Laws 8 Business Organization 8 References 9 Background Information You are a lawyer giving legal advice to a young entrepreneur who has sought your guidance as she builds her company. HerRead MoreEssay about Operation of National Security Agency (NSA)620 Words   |  3 Pagesfair to them or their users since the NSA collects this data without anyone’s consent or permission. Furthermore, the issue of consumer privacy also brings up the discussion as to whether or not the government is overreaching with their power or whether they have the power to spy on their citizens to begin with; another discussion around this topic is regarding the role of the states in helping develop some sort of regulations for this type of information gathering activities. Most of this controversyRead MoreThe Banking Industry And Wells Fargo1703 Words   |  7 PagesThe banking industry and Wells Fargo must use analytics to better understand market segments to allow them to correctly identity which markets to enter. Without the correct capital allocation within cert ain markets, any financial institution can see their revenue shares dwindle thus creating a direct need for market forecasting. I can recall a town hall meeting from 2011, where John Stumpf, CEO of Wells Fargo, and several high ranking executives spoke on Wells Fargo’s ability to overcome the obstaclesRead MoreHow Laws Affects The Travel Industry In British Columbia1367 Words   |  6 Pages Business Law in Canada All businesses in Canada are bound by laws reflective of the nature of the business. There are laws that protect the consumer, laws that protect the business owner, and laws that protect suppliers. Although many laws are regulatory in nature across the board for all businesses, some are specifically geared to industries. Below I will outline three ways in which the law affects the travel industry in British Columbia, specifically. This will be outlined from the perspective

How the Brain Works Admission/Application Essay Example

Essays on How the Brain Works Admission/Application Essay The paper "How the Brain Works" is an outstanding example of an admission essay on medical science. For a very long time now I have remained transfixed on the subject of neuroscience. I essentially breathe, think and dream neuroscience. It is evidently a field with a lot more to discover, a plethora of questions to answer and hypotheses to test and prove/ discard. The cognitive and behavioral stream of it has particularly evoked serious thought and curiosity in me over time that I have come to desire to study it. From time immemorial, I have been constantly puzzled by how the brain works, especially its ability to handle various languages. As I can communicate in Korean, Japanese and English, I have had no problems in life answering people who inquire about what language I dream in (which is all the three mentioned), what I have had trouble explaining is what language I think in. I had never noticed what people refer to as the ‘voice in your head’ until I was asked about it. And when I try to isolate this language of my mind, my thought process gets distracted and I intentionally bring up languages in my mind. I have hence become deeply curious concerning what the brain is doing when processing our conversations and switching from one language to another. Unearthing how languages shape and alter perception is another core interest. The process of how the brain acquires new languages and organizes them while putting them in sync with the knowledge and feelings that one described in a known language is another curiosity I want to satisfy. In the end and as a result of my silent and personal interaction with neuroscience I have grown immensely attached to the field and have had my sights set on it for quite some time now. It is in this field that I can truly assert myself and obtain a chance to realize my full potential while advancing modern knowledge to newer and noble heights. I consider this opportunity a fresh chapter in my life, a gateway for su ccess, self-satisfaction and the realization of dreams.

Civil Procedure for Journal of the Profession- myassignmenthelp

Question: Write about theCivil Procedure for Journal of the Legal Profession. Answer: Facts Happy Girls was started by Moore as a pet minding enterprise in the year 2010. After growing a good reputation and getting fund, Moore adopted the business name to cater mostly to exotic fish. She took help from Otto Chubbs to establish a website platform for the business. Moore entered into a written contract with Gogol which helped Moore in expanding her pet service business. The Agreement entered between the parties was to be valid till June 30, 2020 which would entail the exclusivity of Happy Girls. The agreement between the two parties helped them grow financially. An incident occurred on December 13, 2017 when Moore visited a first-time client Gavin, who owns an alligator named Grandma. The agreement was to care for Grandma for 6 weeks. Grandma was a toothless and one-eyed which was clearly mentioned in the instructions. The agreement also mentioned that Grandma was kept in a designated, secure aquatic sanctuary. McChuter was in a hurry to leave for Dubai and therefore he forgot to close the gate of the sanctuary when he left. Moore tried her best to send the alligator back to the sanctuary but failed to do so. Moore, with food in her hand tried to send the alligator back to the sanctuary but Grandma lunged at her and though she was toothless, the force with which Grandma jumped at her, she suffered injury and her bones were crushed. The doctor has given Moore an estimate of $915 and due to the injury, Moore cannot join work. Furthermore, the incident of attack which was captured by a private surveillance was seen at Gogols video sharing site Portrait. Even Moore tried to contact Gogol to take the image off the website but he did not listen to her and later found that they were tagged at hilarious pet videos. Otto, who had initially helped Moore with the website, claimed that a t-shirt which was given to Moore by him has been sold to Gogols platform without his permission. In the present case, Moore wants to bring legal action against Gogol, Gavin and Otto for infringing her privacy and breaching confidentiality, for not respecting the terms of the agreement signed between the parties. Cause Of Action Cause of action under the UPCR is not a formal legal document, but a litigators take on a legal situation to gauge if substantive area of law can be made out or not[1]. In the present case, a legal action can arise against Gogol , Gavin and Otto. Gogol Clause 19 of the agreement between Gogol and Moore talk about Termination. The clause for termination is as being a material breach of obligations or when one of the parties does anything that is against the interests of the aggrieved party. The agreement between Moore and Gogol also talk about the clause of confidentiality wherein the parties have to respect the privacy of the other party and also use any information for the purpose of the agreement and nothing beyond the scope of the same. Clause 40 of the agreement specifically deals with confidentiality, that is, no information shall be made available to the public domain without the consent of the other party. Clause 45 of the agreement mentions the term of good faith, that is, the clause of utmost due diligence shall be meted out to the other party to ensure that the terms of the contract are not reached. Keeping in mind all the three clauses of termination, confidentiality and good faith that has been agreed between the two pa rties to treat the contact fairly, Moore has a cause of action against Gogol. The terms of the agreement were fixed to ascertain the relation between Gogol and Moore and by uploading the video of attack and tagging the photo in hilarious pet videos, Gogol has breached the privacy clause and has acted against the terms of the contract. The terms of the contract entail that the party shall not act in contravention of the best terms of the contract and in cases any party tries to breach, the termination clause shall be applied. Moore has tried every way possible to get in touch with Gogol to ask him to remove the video, but Gogol has not answered his calls. All calls made to Gogol and all emails to him have not been answered. Again, the basic idea behind enforcing the good faith clause is to ensure that parties act in accordance with the due diligence clause and try to respect the terms of the contract in the best of their ability. By uploading a personal video to the public domain, an d also by not answering the calls and emails, Gogol has breached the terms of the contract and therefore, the contract can be breached in accordance with clause 19 of the Contract because the obligations of the agreements have not been met. Gavin Gavin was the client of Moore and as part of duty, Moore had to take care of the alligator Grandma who was toothless and whose care mandated that he be put in the sanctuary which was not taken care of by Gavin because he had left in a hurry keeping the door of the sanctuary open. Due to the failure on the part of Gavin, the door of the sanctuary was left open and as a result Moore found it difficult to put the alligator back to the sanctuary. After trying hard with food in her hand, Moore tried to put the alligator back and as a result she suffered severe injuries due to which she suffered economical as well as psychological harassment. Gavin was negligent in keeping the door open, resultant of which Moore suffered the injuries. Gavin has been in Dubai since the incident and has not returned to Australia. Australian laws have process convention with USA, but not with Dubai. No process convention can place between Australia and Dubai and since Gavin is in Dubai, no charges can be brou ght against him till he comes back to Australia. Otto Otto, the cousin of Moore had helped her set up the website and later demands a sum of $10,000 for selling a specifically designed tshirt to the website of Gogol. Moore does not have any record of transactions with Otto but clearly remembers that Gogol has not used any photo given by Otto to Moore because he has his own sophisticated website. Since, the terms of the agreement are not recorded with Moore anymore; the onus is on Otto to prove that the designs provided by Otto have been misused. Moore has already made an agreed amount of payment for the work and is certain that no design has been misused by Gogol or Moore. Joinder of causes of action and parties The test to be followed while claiming a joinder of parties[3] is that, There should be common question of fact or law in the proceedings Same transaction or events of series of transaction Leave of court In this case, there are 3 a series of events that fall under the same transaction and are related by facts, hence the principle of joinder of parties will apply. Bendir v Anson[4] laid down that whenever same question of fact or law arises in the same transaction, the facts can be joined in the same proceedings. Jurisdiction Of Court In this case, the parties are related by the same chain of events and transaction and are governed by joinder of parties. A joinder of parties is triable by the Supreme Court[6]. In this case, the Supreme Court of Australia has jurisdiction to try the case. This is a civil dispute by nature and since there has been a breach of contract, there will be fixation of damages by the Court. In cases of civil dispute, the aggrieved party is compensated by paying damages. Originating Process Part 10.3 deals with service of originating process in Australia[8]. This applies to all the proceedings taking place in Australia. Service is the formal process of notifying the other party about sending the documents. All documents related to the document need to be sent to the defendant as per the rules of the UPCR. The service of documents is done to ensure that the legal documents that are necessary for the proceedings are sent to the other party as per the rules[9]. Originating Process[10] is the initial service before the commencement of the proceedings. The original application needs to be served to the other party who are parties to the proceedings[11]. Originating Process can be served personally by handing over the documents to the other party. Part 10.14 states that a document shall be served on a party by the court when the service cannot be served in the normal course[12]. References Bartlett, Francesca. "Making lawyers pay for malpractice in court: skirting advocates immunity in Australia."International Journal of the Legal Profession24.2 (2017): 109-123. Bendir v Anson [1936] 3 All ER 326 CGU Insurance v Bazem Pty Ltd[2011] NSWCA 81. Dhagamwar, Vasudha. Towards the uniform civil code. Indian Law Institute, New Delhi, 2015. Uniform Civil Procedure Rules, 2005 White, Ben, et al. "Estate contestation in Australia: An empirical study of a year of case law." UNSWLJ 38 (2015): 880.