OMM 640 Managerial measures of Compliance week 2 assignment

OMM 640 Managerial measures of Compliance week 2 assignment...

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MANAGERIAL MEASURES OF COMPLIANCE 1 Managerial Measures of Compliance Alice (Rene’e) Hughes OMM 640: Business Ethics and Social Responsibility Instructor: Andree Swanson 4/18/2016
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MANAGERIAL MEASURES OF COMPLIANCE 2 Managerial Measures of Compliance In today’s business world, every business has its provocations when it comes to operating its business. As time has passed, there is a significant use of unethical behavior in present businesses, when it come to falsifying information, counterfeiting and fraudulent crimes in the operation of businesses and many citizens have been taking advantage of the misconduct and unethical behavior of these businesses, but there are laws that have been established by federal agencies to make sure that businesses will follow rules and regulations. This paper will analyze the imperative implemented managerial ratifications and the events that lead to businesses implementing this regulatory measure. “The Consumer Financial Protection Bureau was established in 2011 by Dodd-Frank Wall Street Reform and Consumer Protection Act and it was sanctioned by President Obama (Gilmer, 2015).” “The customer financial security firm was put into place to protect customer’s transactions, so they understand their rights and responsibilities when signing contacts with banks, payday loan companies and account collection businesses (Gonzalez-Pardon, 2015).”
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