Bad News Essay Example | Topics and Well Written Essays - 500 words

Bad News - Essay Example I am social and enjoy the good company of my friends. Since I was young, living in Minnesota has been a fun and enjoyable experience. Growing up I enjoyed being outside and When I was young I was the oldest of my four friends. Every day after school, three of my friends and I would meet in our playhouse we made. The playhouse was made of materials we found and I can still smell the distinctive smell of the inside. The inside smelt of a worn leather smell. Just the four of us would play together for hours and do normal things kids our age did. We went on adventures and got into a little trouble. Our favorite game to play was a CSI type investigators game. We would pretend that we were crime solvers on an unsolvable case. I can remember it like it was yesterday. It was a cool summer Sunday. The wind was blowing just slightly and enough to cool one form the heat. It wasn’t too humid and to breath in the air was very refreshing. My friends and I were pretending we were investigato rs working on a serious crime. Our playhouse was located in my backyard right up next to the neighbor’s property line between a few oak trees. The neighbor next to where are play house was, was the prime suspect. His name was Jim. My family knew the neighbor very well and he didn’t mind us playing in his yard. We knew that he would not be home until after 4:30pm because he worked as an usher at a local church on Sundays.

Discuss critically contemporary international approaches (e.g. World Essay

Discuss critically contemporary international approaches (e.g. World Bank, Financial Stability Board) to consumer credit regulat - Essay Example This reform has been accounted due to the growth in the consumer credits and rise in the numbers of consumer credit institutions1. Contextually, consumer credit is considered as a key driver of economic growth as it is used for the payment of services holding a major proportion of the industrial contribution obtained by any economy in the modern world2. In a general sense, consumer credit is that commodity, which is produced by the private sectors and then sold to the consumers. These regulations are fixed for the sale, available in a wide range of varieties. The most commonly observed regulations in the consumer credit are the price and the interest rates. The information and disclosure regulations are also persistent regarding the debt collection aspects in a particular country, also seemed to be an important aspect to the regulators and legislators as well3. In a recent affair, the European Commission (EC) has denoted the significant role of consumer credit in the growth of nation al economy and also the well being of the consumers and thus, it is seeking to adopt the credit regulation across the country4. The government has further planned to implement the policy of credit regulation across the country so as to regulate strong credit markets all over the nation along with the minimisation of the risk of debt. The strategic approach and aim of adopting the consumer credit regulation along with the objective further differs from one state to another. It can be well understood with the example of both Germany and France, which possess rates at a lower level ceiling along with lower legal maximums. Illustratively, the most stringently market based approach has been adopted by the UK with no rates of ceiling5. The government of the UK had introduced Consumer Credit Act 1974 in its constitution, which focuses on the protection of the consumers and control of traders along with taking due measures to implement the provisions of credit being regulated by the Directo r General of Fair Trading6. In this essay, the major concern has been drawn with the attention towards the critical evaluation of the contemporary international approaches to the consumer credit regulation. The essay has described the concept of consumer credit regulations in respect of the practical case study referrals of World Bank and Financial Stability Board. Defining Consumer Credit Regulation As per the subsidiary legislation of the UK in 2010, the ‘consumer credit regulation’ has been broken into words, viz. Customers and Credit, for drawing a clear understanding of the term. In accordance, consumer is a person who is responding to the trade or business under the regulations of the transaction7. On the other hand, the creditor is that person who has made a commitment to grant credits for performing trade and business. Thus, the consumer credit regulation implies the act that has been developed by the government body for the protection of the consumer and the cr editor performing a trade or business. One of the useful terms that are usually used in the definition of consumer credit regulation is the credit agreement. It is that contract between the consumer and