Consumer debt

much easier for consumers because it had much lower interest rates which was good for the borrower but bad for investors since they too would see the same interest rates. These adjustments to the policies and other unusual money policies were some of the causes that led up to the credit crunch and can serve as a basis for it. The credit crunch was happening during the period of economic stability where banks had more confidence in the consumers thus leading the banks to lend consumers larger…

The diverse range of legal regulations and policies of which govern the conduct of businesses within Australia can be considered as a crucial element in controlling the business environment. Laws that restrict businesses to certain boundaries are done so in order to promote fair competition and keep the business market competitive, whilst many laws act with regard to being beneficial for the sustainability of the environment. However, it can be argued that these legal regulations also bring…

providing cheap alternatives, allowing hosts to make money, and flowing cash through economies, while costs include poor consumer protection and engaging in unfair competition with the hospitality industry. The issues that Airbnb have cannot be resolved by simply maximizing profits because maximizing profit solely benefits Airbnb. Most of the victims of Airbnb’s issues such as consumers, competitors, and the governments will not gain anything from Airbnb raising a high profit. Airbnb’s concerns…

being controlled. When the FTC were working on new guideline for blogger reviews on products. They never considered all consumer that be on the web page blogging about product they have try and work. They have a right to their own opinion about any product they use. Nevertheless, FTC never had ideas how this would affect the consumer as a whole.…

those individuals or family units to understand money and the way it works, responsibly obtain, spend, and budget said money, and take into account future need as well as risk. In the study conducted by J. Michael Collins (Assistant Professor of Consumer Science at the University of Wisconsin–Madison, Faculty Director of the Center for Financial Security, and an IRP affiliate) on the effects of mandatory financial education for low-income clients 144 low-income clients in need of housing…

Neutrality of Money: A Criticism Neutrality of money is a widespread if rather flawed assumption which underpins much of mainstream macroeconomics. Political economists disagree with this assumption due to the endogenous nature of monetary supply, encompassing reverse causation and exogenous interest rates. It would be inappropriate to discuss neutrality of money or the rejection thereof without first discussing money itself. At its most basic, money is something deemed by an economy to…

expenses have been rising at a rate of roughly 7% each year since the 1970 's, which is almost three times the rate of inflation. Since 1985, the overall consumer price index has risen 115% while the college education inflation rate has risen nearly 500%. Annual incomes have not been enough to get students through college leaving many students deep in debt of up to tens of thousands of dollars with no way out. The rising of tuition effects current students and graduates in many different…

been a fraud all along”. The 2008 recession that crippled the American financial market was mainly caused by the subprime mortgage crisis. “A mortgage is a debt instrument, secured by the collateral of a specified real estate property, which the borrower is obliged to pay back over a set period of time” (Investopedia). As a mortgage is a type of debt, banks only provided mortgages to customers with a good credit score in order to reduce the risk of not being repaid. However, in cases where banks…

market capitalization and net profit. Santander had achieved rapid growth due to its mergers an acquisition. Santander Consumer Finance (SCF) which was founded in 1987 is a division of Santander Group that focuses on the consumer financial sector. It first started with a partnership and shared ownership of the Royal Bank of Scotland, through this partnership Santander consumer finance was further developed and gave its leaders the believed that this knew found knowledge and expertise could be…

Most people have seen depictions of Lady Justice, the blindfolded personification of the legal system. She holds a balance scale in one hand and a sword in the other. The depiction is intended to show that the legal system is blind to wealth, race, fame, identity, status and power, that the evidence will be weighed in an impartial manner and that punishment will be meted out to the guilty. Lady Justice is an allegorical personification that dates to ancient times and spans many cultures. A…