Action Fairness on Your Own Term Paper

Open, View, and/or
Download this Document

Total Length: 893 words ( 3 double-spaced pages)

Total Sources: 3

Page 1 of 3

This limits the ability for businesses to make use of telemarketing as an advertising technique. While most people feel that telemarketers are an annoyance, above all else, telemarketers have also been accused of deceptive practices. This act will make it easier to regulate businesses that use telemarketers. Already, in November 2007, "the FTC announced six settlements and a federal court action against companies that violated the Do Not Call provisions of the Telemarketing Sales Rule, resulting in millions of dollars in civil penalties for rule violations" (FTC Chairman and Commissioners Testify Before Senate Committee on Commerce, Science, and Transportation on proposed 'Federal Trade Commission Reauthorization Act of 2008'," FTC: Office of Public Affairs, 2008).

Overall, the most potentially significant aspect of the act is its provisions regarding subprime mortgages. The dream of American home ownership for a long time has been taken as a given. However, legislators are beginning to question whether it is always suitable for all individuals to aspire to own a home, at least until they have the income and job stability to maintain their desired home. By enforcing greater transparency on the part of lenders, the act hopes to be doing the types of families who are currently in foreclosure a kind of retroactive favor, by ensuring future homebuyers know what they are getting into when signing a mortgage, so they are not allowed to mortgage their future away because of ignorance of how their payments are structured.

Stuck Writing Your "Action Fairness on Your Own" Term Paper?

View All Our Example Action Fairness on Your Own Term Paper

Have A Custom Example Essay Written

The greater transparency mandated by the act also requires the industry to make mortgages less confusing and attempts to ensure that legal language is not used as a method of concealing what really lies between the lines of contracts. The FTC will also be able to exercise greater vigilance against mortgage foreclosure rescue scams and lenders who fail to provide consumers with annual percentage rate information, as already required by law (Worton & Yoon 2008; FTC Chairman and Commissioners Testify Before Senate Committee on Commerce, Science, and Transportation on proposed 'Federal Trade Commission Reauthorization Act of 2008'," FTC: Office of Public Affairs, 2008).

Works.....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Action Fairness On Your Own" (2008, June 09) Retrieved June 28, 2025, from
https://www.aceyourpaper.com/essays/action-fairness-own-29426

Latest MLA Format (8th edition)

Copy Reference
"Action Fairness On Your Own" 09 June 2008. Web.28 June. 2025. <
https://www.aceyourpaper.com/essays/action-fairness-own-29426>

Latest Chicago Format (16th edition)

Copy Reference
"Action Fairness On Your Own", 09 June 2008, Accessed.28 June. 2025,
https://www.aceyourpaper.com/essays/action-fairness-own-29426
   

Open, View, and/or
Download this Document
order custom essay example