Consumer issues

Need for GST Relevant legislations, Rules and Regulations on GST Multiple tax structure under GST Preparatory steps required by taxpayers for smooth transition Issues in Implementation GST and its impact on the Consumer GST and Industry’s expectations Impact of GST on micro, small and medium enterprises Will GST spur economic growth? GST in other Countries Amendments if any required under any relevant legislation Registration Fee: … [Read more...] about TNDALU: One day National Seminar on Goods and Services Tax & the Consumer: Issues and Challenges

FFIEC Launches Cybersecurity Web PageOn June 24th, the Federal Financial Institutions Examination Council (FFIEC) launched a web page on cybersecurity.  The web page serves as a resource center for current and future FFIEC-related materials on cybersecurity. This represents another part of the FFIEC’s on-going campaign to “raise awareness of cybersecurity risks at financial institutions and the need to identify, assess, and mitigate these risks in light of the increasing volume and sophistication of cyber threats that pose risks to all industries in our society.” … [Read more...] about The Consumer Financial Protection Bureau (CFPB), Recent Developments: June 23, 2014 – June 27, 2014

CFPB Implementation Guidance for TILA-RESPA Integrated Disclosure RuleOn March 31st, the CFPB released its Small Entity Compliance Guide for the TILA-RESPA Integrated Disclosure Rule, which the CFPB issued on November 20, 2013.2  The plain-language Guide is designed to help users determine their federal mortgage disclosure compliance obligations for the mortgage loans they originate. The Integrated Disclosure Rule combines the disclosures consumers are required to receive under the Truth in Lending Act and the Real Estate Settlement Procedures Act when applying for and closing on a mortgage loan. The Rule takes effect on August 1, 2015. … [Read more...] about The Consumer Financial Protection Bureau (CFPB), Recent Developments: March 31, 2014 – April 4, 2014

Every consumer has the right to choose between a variety of goods and services. Every consumer has to be assured of an assortment of products at competitive prices. Due to the existence of this right, the formation of cartels to set up monopolies is not legal. This means that sellers of similar products or services cannot come together to form a single organization to nullify the bargaining power of the consumers. However, the reality is that such cartels do exist, and many of the closely controlled industries such as natural resources, liquor, telecommunications, etc. are controlled by a few people in power and it is believed that India has to stride for about 20 more years for empowering its citizens fully in this regard. … [Read more...] about 5 Basic Rights The Law Guarantees Every Indian Consumer

Mark (and others) made the point that if you really end tracking, you will end Facebook.  So, whatever happens it won’t be that.  However, the political snowball is rolling down the mountain - there will be regulatory activity around consumer privacy.  … [Read more...] about “Creepy” is the new “Cool” and How to Make Sure It Stays That Way – FTC’s Recent Proposal for Protecting Consumer Privacy Online