Consumer Credit Laws

Equality Act 2010 is the law that bands unfair treatment and helps achieve equal opportunities in the work place and wider society.

The Equality Act (2010) is designed to address unfair discrimination, harassment and victimisation and advance equality of opportunity and ensure good relations between people who share a protected characteristic and those who do not. These characteristics are age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion and belief, sex and sexual orientation.

The Equality Act 2010 is the law which bans unfair treatment and helps achieve equal opportunities in the workplace and in wider society.

The Equality Act 2010 provides a single, consolidated source of discrimination law. It simplifies the law and it extends protection from discrimination in some areas.

The equality act 2010 protects everyone from discrimination in their work place and all together in the society. It has replaced previous antidiscrimination laws, making the law different so it is easier to understand and making the protection stronger in some situations. It helps those who are treated in an unlawful manner.

The Equality Act became law on the 1st of October, 2010, replacing prior legislation such as the Race Relations Act 1976 and the Disability Discrimination Act 1995. Broadly, it ensures regularity in what employers and employees are required to do to make their workplaces a fair environment, conform and abide with the law, defining the nine protected characteristics, Age, Disability, Gender reassignment, Marriage and civil partnership, Pregnancy and maternity, Race, Religion or belief, Sex, Sexual orientation

The Equality Act protects people from a number of things including discrimination, harassment and victimisation. Discrimination is when people are treated less favourably because of a protected characteristic. For example, someone’s employer may say that he/she

When running a business, the most common legal transactions you will be involved in is a business contract and despite what type of business a person runs, by having an understanding of contract law is a key to creating sound business agreement that will be enforceable legally incase a dispute arises (Find law).

The EEOC laws, or Equal Employment Opportunity Commission, are federal laws that enforce employers to not discriminate against applicants of any background. Discrimination by types such as age, disability, equal pay/compensation, genetic information, harassment, national origin, pregnancy, race/color, religion, retaliation, sex, and sexual harassment are all protected under the EEOC laws. It is also illegal for an employer to “discriminate against a person because the person complained about discrimination, filed a charge of discrimination, or participated in an employment discrimination investigation or lawsuit.” (EEOC , n.d.) The EEOC laws are to help serve justice and to create an equal work environment for people of any kind. The EEOC wants to accomplish the goal of having every applicant to feel at home without being discriminated against. These laws not only affect an employer hiring an applicant however; it affects them in firing, promoting, harassing, training, wages, and benefits. The EEOC’s role is to help find out if any applicant is being discriminated against and to help

Discrimination is the unbalanced treatment of persons based on apparent physical characteristics. Some forms of inequity are unlawful, and there are guidelines against other kinds in government agencies and public organizations. Gender equality is at the very heart of human rights. Many of the lawful constraints are based on the 1964 Civil Rights Act. Discrimination in the place of work is regulated to make certain that people have equal right of entry to jobs and equal compensations once hired.

Depending on the number, a credit score can be a powerful tool or a crushing burden on your shoulders. Unless you are independently wealthy you will need credit at some point in your life. Seldom do people realize how important credit is until they try to make a major purchase; for instance, a car or their first home. I made some smart and some foolish decisions regarding my credit over the years, and yet each was a learning experience that proved invaluable to my financial literacy.

The Fed injected an unprecedented amount of liquidity into the financial system so why are banks holding on to so much excess reserves. As discussed earlier, reserve levels have shot up and counter intuitively loans, especially C&I loans have plummeted. The bank-lending channel would lead us to believe that an increase in reserves would lead to an increase in loans. The balance sheet channel would point to low interest rates strengthening balance sheets and promoting lending. This has yet to occur, could it be that the credit channel could be temporarily closed? It is possible that economic events that preceded the monetary policy ‘shock’ treatment may have altered the ‘normal’ transmission mechanisms. A financial crisis is such an event and as a result, it is reasonable to expect that the transmission of monetary policy throughout the recent financial crisis differed significantly from the periods which have preceded it.

“Most people, about 60%, manage to ‘make ends meet’ but they do not have the resilience to weather financial shocks. As a result, they can easily be knocked down the staircase by an unexpected or unplanned event. It is well known that two thirds of people who fall into serious debt problems do so because of some form of income shock.”(Money Advice Service, 2014)

Ever since man first walked on earth, goods and services were traded throughout the world. Individuals needed a way to buy these goods and services. Before the “Apple Pay”, “Samsung Pay”, and all the other new technological advancements, “there were goods and services, bartering, animals, food, exchange and agreements for work”(Yahoo). As time went by, we started to see the evolution of the coins which lead to the invention of the paper currency or cash. With the advancement in paper currency, individuals needed a place to store the large amounts of money while also keeping their money safe from harm. This caused the establishment of banks all around the world. These banks weren’t that safe as it is today, but what other choice did individuals have in protecting their money. As time went on, individuals needed a way to get money fast and stress free. Credit cards came in as a solution to that problem. On the positive side, credit cards are a way for individuals to keep their money safe; the advancement in technology helps credit cards become more and more intelligent and safe, and they prevent the individuals from losing their cash or having it stolen. But on the negative side, technology has its dangers that make the utilization of credit cards problematic, such as: careless spending, theft, and scams are some of the ways individuals lose money or land in credit card debt. Finally, the individual must decide if the use of a credit cards and its benefits is damaged by the

Credit cards have become such a familiar feature of the life style in the world that it is difficult to imagine a consumer economy functioning without them. The credit cards are nowadays the most convenient of all types of payments. The boom of the credit card industry has affected everyone in the world of the "plastic money". That was the name given to the credit card right after it was invented. Nowadays, the "plastic money" occupies a very important place in the economy of the country. "Settlements indicates that the number of credit cards in circulation increased 34 percent between 1988….. The data also show that the value of credit card transactions increased 98 percent during the same period"