Sentences with phrase «lack of consumer protection»

Apart from the volatility of the price, there is a lack of consumer protection.

This lack of consumer protection has been behind recent FCA warnings on the risks inherent in cryptocurrencies.

[3] The student lending market currently is marked by a lack of consumer protections or loan modification options for borrowers who are struggling with their debt or who may not have a clear understanding of the best repayment options available to them.

Korea's financial regulator ordered the changes after receiving complaints of a lack of consumer protections.

The mortgagee letter released by HUD yesterday names two reasons for the policy change: concern about losses to FHA's Mutual Mortgage Insurance Fund, and concern with the lack of consumer protections related to PACE.

As to what motivated its decision — according to its letter to the U.S. Department of Housing and Urban Development — the FHA is «concerned with the lack of consumer protections associated with the origination of the PACE assessment, which are far less comprehensive than that of traditional mortgage financing products.»

Not exact matches

lack of basic consumer protections that are associated with more developed electronic payment

Unijni regulators repeatedly warned the consumers to higher risks associated with investing in kryptowaluty, with an emphasis on the lack of protection and understanding, loss of money and problems with financial nieuregulowanymi actions.

On Wednesday, March 22, 2017, Assemblymember Kavanagh, Chair of the Consumer Affairs and Protection Committee, held a press conference with Energy Chair Amy Paulin, Corporations Chair Jeffrey Dinowitz, Environmental Conservation Chair Steve Englebright, and other Assemblymembers to question the lack of transparency by the New York State Public Service Commission (PSC) regarding massive subsidies to a large corporation to operate upstate nuclear power plants that are set to take effect on April 1.

Critics say the State Department lacks the scientific expertise and enforcement capability of the DEC, though it does have a consumer protection division.

If the second dispute comes back verified a different approach might be to submit a complaint with the Consumer Financial Protection Bureau for lack of an adequate investigation of the dispute.

The primary consumer protection problem areas that have given rise to the States» actions include: (1) unsubstantiated claims of consumer savings; (2) deceptive representations about the length of time necessary to complete a debt relief program; (3) misleading or failing to adequately inform consumers that they will be subject to continued collection efforts, including lawsuits, and that their account balances will increase due to extended nonpayment under the program; (4) deceptive disparagement of consumer credit counseling; (5) deceptive disparagement of bankruptcy as an alternative for debtors; (6) lack of screening and analysis to determine suitability of debt relief programs for individual debtors; (7) the collection of substantial up - front fees so the debt relief company gains even if it fails to perform; (8) lack of transparency and information for consumers as to payment of fees, status of accounts, and communications with creditors; (9) significant delays in active negotiation or engagement with creditors, coupled with prohibitions on direct consumer communications with creditors; and (10), in the case of debt settlement companies, basing savings claims (and settlement fees) not on the original account balance, but on the inflated amount due (including late fees and default rates of interest) at the time of settlement.

Other services: GS Bank lacks several of the other features that consumers expect: mobile banking, overdraft protection, an ATM card and ATMs, and branches nationwide.

According to a 2015 Consumer Financial Protection Bureau study, 26 million Americans do not have any credit record, and another 19 million have credit records considered unscorable due to insufficient credit history or a lack of recent credit history.

In May of 2015, the Consumer Financial Protection Bureau released a study that identified 26 million Americans as lacking a credit history.

And business cards lack some of the protections consumers get for personal credit cards under the Credit Cards Accountability Responsibility and Disclosure Act of 2009, commonly known as the CARD Act.

Finally, new technologies and the ability of companies to operate globally and expand quickly, but not necessarily in accord with local law, can create issues including reliance on sales where not operating legally, lack of attention to consumer or other laws even where properly registered, lack of local licensing, poor attention to data protection; and again, security and cyber security issues or lack of the right personnel in the buyer and / or seller to deal with these issues if the company is moving internationally but too quickly.

It should be questioned whether increasing confusion surrounding European data protection law may lead to businesses lacking certainty over exactly what national laws they should comply with and consumers being less well protected overall (That said, the difficulty presented by pan-European variations in data protection law may be less of an issue once the GDPR has introduced more conformity).

The Plaintiffs responded that the release was unenforceable due to misrepresentation by omission, unconscionability, s. 3 of the Business Practices and Consumer Protection Act, S.B.C. 2004, c. 2 (the «BPCPA»), and lack of consideration.

On a global level, many businesses and consumers are still wary of conducting extensive business in cyberspace because of the lack of a predictable legal environment to govern transactions, which results in concerns about contract enforcement, intellectual property protection, liability, jurisdiction, privacy, and security.

The lack of communication between consumers and consumer protection agencies represents a serious issue for access to justice concerns.

As a result, some consumer protection advocates have seized upon Bitcoin's lack of automatic recurring payment feature as an improvement over the current system, and are thus dead set against any attempts to change this (lack of) functionality.

Thanks in part to the variety of international laws these bitcoin exchanges work with, and in part to the lack of new regulatory frameworks specifically for digital currency, exchanges and blockchain startups generally don't have the type of anti-money laundering protocols and consumer protections expected of traditional institutions.

We need to save it from CREA's mis - steps, from the hi - jacking of Realtor.ca and the lack or consumer protection now rampant in our industry.