Question

In: Finance

1. The Fair Credit Reporting Act identifies your rights regarding your credit. Synthesize a scenario where...

1. The Fair Credit Reporting Act identifies your rights regarding your credit. Synthesize a scenario where your credit has been damaged (history of late payments, foreclosure, bankruptcy, etc. This can be a situation you create in order to fully illustrate the concepts). Explain the scenario and the steps necessary, in detail, to repair your fictitious damaged credit rating. From your readings in the text, estimate how long it will take for you to improve your score.

2. Mary Stevens of Denver, Colorado, had taken her brother to an expensive lunch to celebrate his job promotion. When it came time to pay the bill, Mary noticed that her Visa credit card was missing from her wallet, so she paid with her Mastercard. While driving home, Mary remembered that she had last used her Visa card a week ago. She became concerned that a salesperson or someone else could have taken it and might be fraudulently charging purchases on her card.

a. Summarize Mary’s legal rights in this situation.

b. Discuss the likelihood that Mary must pay Visa for any illegal charges to the account.

Solutions

Expert Solution


Related Solutions

Describe a hypothetical scenario where someone would act in ways that are not legal, but it...
Describe a hypothetical scenario where someone would act in ways that are not legal, but it is ethical. Describe a hypothetical scenario where someone would act in ways that are legal, but not ethical
1.      What are employer' rights regarding employee lifestyle choices? 2.      What are the employee' rights regarding lifestyle choices?...
1.      What are employer' rights regarding employee lifestyle choices? 2.      What are the employee' rights regarding lifestyle choices? Based in this article Finding employment is becoming increasingly dificult for smokers. Twenty-nine U.S. states have passed legislation prohibiting employers from refusing to hire job ause they smoke, but 21 states have no such restrictions. Many ealth care organizations, such as the Cleveland Clinic and Baylor Health Care System, and some large non-health care employers, including Scotts Miracle-Gro, Union Pacific Railroad, and Alaska Airlines,...
The Fair Labor Standards Act (FLSA) specifies employee rights, including minimum wage and overtime pay. Students...
The Fair Labor Standards Act (FLSA) specifies employee rights, including minimum wage and overtime pay. Students often work in unpaid internships, and employers are not obligated to comply with the FLSA if the student is receiving an educational opportunity, as opposed to providing free labor for a company. The U.S. Department of Labor requires compliance with the FLSA, including payment of wages and overtime when an intern is solely assisting in a company’s operations. For this discussion, you will be...
A very timely issue regarding exempt (i.e. salaried) employees is the new Fair Labor Standards Act...
A very timely issue regarding exempt (i.e. salaried) employees is the new Fair Labor Standards Act (FLSA) provisions regarding increased minimum salaries.What is the Fair Labor Act and provide a summary of your thoughts on whether or not you agree with this legislation. 250 words or less
1. Does your state have a statutory Patient’s Bill of Rights? Where in the statues is...
1. Does your state have a statutory Patient’s Bill of Rights? Where in the statues is it found? If your state does not have a statutory Patient’s Bill of Rights, find a state that does.. 2. Locate the Web site for the Agency for Health care Research and Quality (AHRQ). Who sponsors this web site? What is the purpose? Find a t least two important studies about health care access and summarize the cases.
Your final project will satisfy the following scenario: You are writing a program that will act...
Your final project will satisfy the following scenario: You are writing a program that will act as an ATM machine by the end of this course. In order to access the ATM, the customer must enter their user name and their passcode. After 3 incorrect attempts at entering the user name and password, the program will end. The list of legitimate users along with their user ID, passcode, and account balance will be provided to you. There are only 5...
1. Where might technical analysis be considered useful to​ investors? A. It identifies changes in trends...
1. Where might technical analysis be considered useful to​ investors? A. It identifies changes in trends only after the fact B. Deviations from intrinsic values can persist for long periods C.It is useful for assets where there is scarce fundamental information 2.. Analyst forecasts which focus on a​ top-down approach to forecasting future performance are most likely paying attention​ to: A.Signals from individual companies within an industry first B. Macroeconomic factors such as gross domestic product​ (GDP) C. Microeconomic factors...
1. Imagine a scenario where you are planning to open your ‘mom and pop’ café near...
1. Imagine a scenario where you are planning to open your ‘mom and pop’ café near Kean University union campus for the very first time. What are the five promotional elements you would use to design an integrated marketing communications program for your café? How would you design each element of the promotional mix? Discuss with the help of examples. 2. How does government regulations assure occupational safety and health? How does the law limit of employers’ duty in order...
1. Would it be a violation of the Consumer Credit Protection Act to suspend, demote, or...
1. Would it be a violation of the Consumer Credit Protection Act to suspend, demote, or transfer an employee who is subject to a garnishment? 2. Freisleven Corporation has undertaken a cost study of its operations. One of the costs of major concern to the company is the total cost of labor, particularly the cost of employee benefits. Prepare a list of the different kinds of costs that a company might incur as part of its "total package" salary cost....
In financial accounting and rules of financial reporting 1. What are investments and fair value? What...
In financial accounting and rules of financial reporting 1. What are investments and fair value? What information in disclosed? 2. Why is reporting of them required? 3. What does this information tell you about a company?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT