Month: April 2020

What are Consumer Protection Laws and Why are they Important?

The world of corporate law is a vast and often confusing world. And it is important for anyone looking to step into the legal world to be able to understand some of the more important aspects of it. To that end, we are going to be looking at consumer protection laws and why they are important. This guide will cover the topics in a basic manner, looking at the different aspects of consumer protection laws and why they are so important to, not only your legal career but the world as a whole.

The Basics

To put it simply, consumer protection laws do what it says on the tin. They are laws designed to protect consumers. But what does this mean? Essentially these laws look at making sure businesses are not price-gouging customers, protecting customer data, being truthful to customers and giving them a fair, proper customer experience. Things such as warranties and return policies are determined by consumer protection laws. Businesses can be hurt or even shut down if they do not adhere to these laws and individuals who run the businesses, can be fined, or even prosecuted for breaching these laws.

KYC

Know Your Customer, or KYC, is a method within the business world that is used to establish information about a customer. This system works two-fold, it benefits the business but also protects the customers. KYC is often a system that collects data from a customer, willingly, while they are using their business. This data is kept and stored and allows a business to tailor their experience to the customer, but also allows them to make sure a client is who they say they are. This is how KYC protects the customer. It is a system that stops fraudsters very early on. If a customer’s information has been stolen, KYC is used to make sure nothing fraudulent happens. Customer protection laws work their way into KYC. Businesses are required, by law, to make sure the customer data is secure and safe and not being misused for malicious, or fraudulent purposes. KYC can be handled on-site by a business or by an outside company. I tried KYC solutions from Fully-Verified.com and it proved to be an insightful look into how KYC works and was beneficial to my own company.

Importance

Why are these laws so important? They are not only designed to protect customers but also to keep businesses in check. Without these laws, companies would be free to do whatever they wish. They would be able to produce an advertisement that lies about products, meaning customers would not be getting the product they expect. This could cause a lot of harm, especially for products that have potentially life-threatening implications. Without these laws, companies would be able to sell faulty, or ineffective products, and not allow customers to claim on warranties or returns the products for a refund. This would essentially let scammers and fraudulent businesses run rampant. Without these laws, businesses would be allowed to use customer data however they want. They could sell it to whoever they like and cause serious harm to their customers.

The Next Step?

If you are interested in working in cooperate law, specifically in the field of customer protection laws, there are a number of ways you can go about it. There are a lot of active firms that are built around making sure businesses are adhering to these laws.  Watchdog organizations and the like are great places to look. It is also a good practice to look at how different countries handle their customer protection laws. For example, the EU has blanket customer protection laws for any company operating within Europe, even if they are based somewhere else.

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The Simple Guide to Understanding Electric Scooter Laws

Travel law is one of the most complex, and scrutinised, forms of law on the planet. Mainly due to the fact that our planet is now covered with transport modes. Aeroplanes. Trains. Busses. Cars. You can hardly move for different methods of transport. And with that comes tight regulations and laws surrounding their use, availability and who can use them and when. So for someone moving into the world of law, or for someone just simply learning more about their field, transport law is something you need to brush up on. But this article is going to look at a very specific section of transport law. Electric scooters. It might seem far-fetched that there would be laws based around electric scooters. You might not even know what an electric scooter is. If that’s the case, visit https://www.adultelectricscooters.co.ukand see what this article concerns. Below we are going to touch on a few of the basic ideas surrounding transport law and how it relates to electric scooters.

Transport Law

Now there is no one-size-fits-all law for electric scooters. A lot of the time it will be a state by state basis. States such as NY have heavier regulations on electric scooters, whereas others are much laxer. So for more specifics, you will need to turn directly to your states information on the matter. In general, though most states will require the rider to make sure their scooter is street legal. This means it will need to meet requirements with tires and suspension, rearview mirrors and horn. Due to the scooter being electric, it is scrutinised more than a regular scooter or a normal bike. In the same way, a motorbike is. These standards are often decided at a federal level.

Speed

Speed is an important factor concerning electric scooter law. Most countries, the USA included, often say that, as long as a scooter keeps to under a maximum speed of 25MPH, then it is classified as street legal. This can vary in different states, but as a general rule, it holds. Going a step further there is often a guideline for the total power of the motor on the scooter. A good rule of thumb is 750W but, again, this can change depending on location.

Safety and Claims

Saftey when looking at electric scooters is paramount. A lot of countries require that a rider wear a helmet, even if they are going below a certain speed, they must have a helmet on. And these factors become important in cases involving electric scooters. If you have a client that is claiming against an electric scooter driver, or if they were in an accident while on their own scooter, you will want to take a look at how they were handling their personal safety and the safety of those around them. Due to the nature of an electric scooter, it often won’t be covered by normal insurance when a person is out and about, and they will want to look at getting special insurance. If you have a client looking for more information this is something you will want to tell them.

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The 7 Most Important Advertising Laws You Must Know

Advertising law is often cited as one of the most confusing sections of the law to try interpret, this passage will attempt to break down some of the more confusing parts of these laws into simple layman terms. 

Telemarketing and Consumer Fraud and Abuse Prevention Act

The TAC act is meant to put a leash around telemarketing companies and stop any and all deceptive practices. This act was instrumental in protecting the consumer and eliminated many shady yet common practices. 

Telephone Disclosure and Dispute Resolution Act of 1992

This act requires companies to disclose possible dangers to children, and offer a transparent billing practice. This act changed telephone advertising and squeezed unsafe products out of the market. 

Fair Packaging and Labeling Act

The Fair Packaging and Labeling Act requires that all consumer commodities, apart from food and drugs, label their contents and their place of manufacturing. This does not include online services so take this example of a digital signage product from digitalframe0 this product would not require the company to list such things. 

Comprehensive Smokeless Tobacco Health Education Act of 1986

This act was perhaps one of the biggest in American advertisement history. This completely eliminated the opportunity for cigarette companies to advertise on TV and radio. The act also forced cigarette companies to place warnings on their packets, including health warning labels.  

Federal Cigarette Labeling and Advertising Act of 1966

Another important cigarette-based act was the Federal Cigarette and Advertising Act. This forced companies to report on the effectiveness of cigarette labelling, and also offer recommendations for new legislation. The Tobacco Education Act was actually based on the recommendations this act produced. 

CAN-SPAM Act

This act deals with companies that send unsolicited commercial emails. The act does not entirely ban the sending of such emails but restricts them to a strict set of guidelines. The act mainly deals with the banning of false information and aims to put a stop to deceptive subject lines. The act also offers a cash reward system for those who report deceptive practices, which eliminated immoral emails from the industry. 

Wool Products Labeling Act

This act aims to eliminate deceptive practices from the wool industry. Wool companies must now clearly label where the product was processed or manufactured. The wool company must clearly state if the wool was manufactured in the US or imported. 

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Important Tips for Improving your Financial Security

Nowadays, money makes the world go around. With everything becoming digital, even banking, it’s important now more than ever to insure you protect yourself financially. Sadly, increased security only leads to criminals trying harder to get your details and access your money. Keep yourself and your money safe by following these important tips to maximize your financial security.

 

Protect Your Pin

The first thing you should do is ensure your pin is kept secure. Never share your pin with anybody, even those you trust. Always make sure if you’re entering it on your phone or at an ATM that there is nobody lurking around trying to sneak a peek. When you’re at the ATM, you should also use your hand to shield your pin. Scammers have been known to attach cameras to ATMs, so you could be giving a stranger your pin without even realizing!

Online Banking

The next step you can take to help improve your financial security is by signing yourself up to online banking. By doing this you’ll be able to access your account instantly and will be able to keep track of your finances and pay attention to any unusual looking transactions you don’t recognize. There are even a number of online banking apps designed to replace your physical bank account with an online account. These apps allow you to keep a more organised look into your spending and allows you to access your security settings and account history from your phone. If you like the sound of that, read more here and get yourself an online account sorted today. They also are perfect for accounts if you’re going on holiday, you can convert your money straight away in the app using the best conversion rate and use one card no matter where you are.

Update Your Details Regularly

You should make sure your security settings are regularly updated. Make sure to change your password regularly and try to make sure you use a different password for your bank account to all of your other passwords. Keep a note of your password and make sure it’s in a safe place where nobody can access it.

Protect your Documents

Whilst most banking correspondence is done digitally these days; you may still receive letters from your bank. These letters can often contain important details you should be sure to keep protected. If you’re wanting to throw out letters from your bank, it may be worth investing in a shredder or even having a mini bank bonfire out in your backyard. By thoroughly destroying these letters you can rest assured nobody will be able to access your private details.

Be Mindful of Scams

Unfortunately, as security measures become more complicated to get through, scams have also become a major problem as it’s become harder than ever to recognize. If you ever get an email or text from your bank asking you for ANY details whatsoever, DO NOT click the link. Instead go onto your banks official website or app and get in contact with them directly. Most banks will never contact you asking for your own details.

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