Bis 220 Week 1 Paper

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An act of legislature that declares, proscribes, or commands something; a specific law, expressed in writing. (thefreedicitionary.com) The Do Not Call Implementation Act of 2003 and The Fair Credit Reporting Act, 1970 both fall under this definition. The Do Not Call Implementation Act , 2003, authorized the Federal Trade Commission to collect fees for the implementation and enforcement of a “do-not-call” registry and for other purposes. The Fair Reporting Act of 1970 controls the collection, use, and redistribution of your consumer information (Stroup, About.com). These rules or acts come into existence for a number of reasons, some are even ethical in nature. But it is said when you create a lot of rules you create a lot of rule breakers. So lets take a look at what brought The Do Not Call Implementation Act, 2003 was promulgated.

This Do Not Call Implementation Act of 2003 was to help get a fee for telemarketers or businesses who wanted to make calls to people who didn’t have their name on the do not call list and to enforce provisions to the “do not call” registry. As stated earlier rules create rule breakers and people were not following the Telemarketing Sale Rule. So the rules have to constantly be updated because people are trying to figure out how to get around the rule. This rule came about because consumers just wanted to be left alone when at home and not be bothered with annoying phone calls from telemarketers while in the middle of eating dinner. They don’t want a credit card company calling trying to extend credit in the middle of the afternoon while their home school child is taking a nap. Which leads us to The Fair Credit Reporting Act, 1970.

The Fair Credit Reporting Act, 1970 was brought into play to help the banks and the consumer. As stated above it controls the collection, use, and redistribution of consumer information (Stroup, about.com). In order to keep the banking system running strong and not putting out bad information on...
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