BUS 215 Week 2 Discussion 2, Credit Cards

BUS 215 Week 2 Discussion 2, Credit Cards   BUS 215 Week 2 Discussion 2, Credit Cards Choose one of the following organizations and visit its website: Credit Network - provides information on credit card rates Federal Trade Commission - provides information on how to regain financial health, uses and misuses of credit cards and many other related topics Then prepare a report that summarizes the information the organization provides. How could this information help youto choose your credit card? Post to the discussion board your 200 word answer the impact of the information on your choice of credit card. Respond to at least two of your classmates’ postings The website that I chose to look at was The Federal Trade Commission. As stated on the site their mission is to “To prevent business practices that are anticompetitive, deceptive, or unfair to consumers.” The informationthat is available through the site deals with complaints about unfair practices that business may be engaged in, for example scams, false advertisements, and monopolistic practices. The site includes news and alerts, consumerprotection and anti-trust information. The FTC also reviewsmarket mergers to ensure that the mergers of said companies are not hurtful to the market or consumers. The FTC does not havethe power to enforce their rules, but, they can and will go through the court system to gain assistance to enforce their rules and regulations. The FTC worksalongside the government as an independent agency. There is a division of the FTC called BCP that concentrates its efforts on protecting the consumer. They haveseven subdivisions to protect the consumer. They are: Advertising Practices, Consumer and Business Education, Enforcement, Financial Practices, Marketing Practices, Planning & Information and Privacy and IdentityProtection. They have8 regional offices to investigate any complaints and/or possible issues. They provide information on the past activities of companies, which will help consumers find reputable companies who offer the services they need.