Free Essay

Mgmt 520

In: Business and Management

Submitted By shenika08
Words 824
Pages 4
State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interests you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how?
In the midst of a weakened global economy cause largely by an avoidable housing crisis, financial regulations inevitably have an impact on us all. Decisions made by agencies such as the Department of Treasury, Federal Reserve, Bureau of Consumer Financial Protection, and the Federal Housing Finance Agency have the power to directly impact our daily lives much more than other agencies which is essentially the reason for my interest in such a regulation.
Also, as a young American looking to own a home in the near future, this regulation has the ability to impact my ability to obtain financing. Beyond merely being a part of the American dream, home buying and the housing market is an essential part of every society’s economy.
Describe the proposal/change.
Nearly 4 decades after being established the Trust in Lending Act (TILA) also commonly referred to as regulation Z has undergone a number of amendments. The most current changes are to make the guidelines in which a consumer secures credit for the purchase of a home stricter. The change comes as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act which was signed into law on July 21, 2010. The act provides strict guidelines to creditors extending credit to consumers of high risk for the purpose of purchasing a home. Two essential changes provided state, prior to approval of such credit, the creditor must ensure that the consumer (1) obtains a written appraisal performed only by a certified or licensed appraiser (2) if the buyer is purchasing a previously mortgaged property at a price lower than the current sale price, an additional appraisal must be conducted and include an analysis of the difference in sale price, changes in market conditions and improvements made to the property.
Several additional modifications to the regulation are proposed to include a change to the understood definition of a high risk mortgage. The intent of the modifications to the regulation appears to be to minimize the chance of another economic catastrophe such as the burst of the “housing bubble” of 2007. Many homes were forced into foreclosure bringing down the value of many homes and causing many to exploit/capitalize on others loses.
Write the public comment that you would submit to this proposal. If the proposed regulation deadline has already passed, write the comment you would have submitted. Explain briefly what you wish to accomplish with your comment.
Overall, I have no objections to the proposed changes. The changes are necessary in light of the recent state of the housing market and seem to serve a way to prevent consumers from exploiting credit and credit providers from causing another housing bubble. As a suggestion, I would propose that the appraisers be of a completely separate third party entity to ensure impartiality and an ethical implementation of the changes to the regulation. I would also propose that the creditors be prevented from utilizing the same appraiser multiple times. This will also encourage impartiality and prevent creditors from undermining the intent of the changes of the regulation.
Provide the "deadline" by which the public comment must be made. (If the date has already passed, please provide when the deadline was).
Comments must be made on or before October 15, 2012
a. Once you have submitted your comment, what will you be legally entitled to do later in the promulgation process (if you should choose to do so)? (See the textbook's discussion of the Administrative Procedure Act.)
According to the text, the parties that made comments on the rules during their proposal stage can challenge the validity of the rules in court on several different grounds. For example, provided that the regulation is illogical, one could challenge it on grounds of “arbitrary and capricious”.
b. If the proposal passes, identify and explain the five legal theories you could use in an attempt to have (any) administrative regulation declared invalid and overturned in court.
a. Which of these challenges would be the best way to challenge the regulation you selected for this assignment if you wanted to have the regulation overturned and why?
Answer all of these questions for #5 even if you are in favor of your proposed regulation.
The response to question 5 should be a minimum of 2–3 paragraphs long. (15 points)
Copy and paste the above five items into a Microsoft Word document and answer each question fully. Your homework will be about 1 to 2 pages long, single spaced (50 points). (For a copy of a sample homework showing the beginning questions answered, please click here. This will give you some direction on how to complete this assignment – of course, you can't use the regulation listed in this sample.)

Similar Documents

Premium Essay

Mgmt 520

...Federal Register / Vol. 80, No. 36 / Tuesday, February 24, 2015 / Notices Overview of This Information Collection 1. Type of Information Collection: New Collection; Perceptions of Safety and Police-Community Relations. a. The Title of the Form/Collection: Survey of Resident Perceptions of Safety and Policing & Survey of Officer Perceptions of Policing and Department/ Organization. 2. The agency form number, if any, and the applicable component of the Department sponsoring the collection: None. U.S. Department of Justice, Community Oriented Policing Services (COPS) Office. 3. Affected public who will be asked or required to respond, as well as a brief abstract: The affected public who will be asked to respond to the surveys include: • Community residents of the CRI– TA site over the age of 18; • Sworn and non-sworn police officers; and The information collected through the two respective surveys is to establish a baseline to measure the impact of technical assistance given to Collaborative Reform Initiative (CRI) sites to advance community police and improve community confidence in the police. The four technical assistance providers (The Police Foundation, the Center for Naval Analyses (CNA), Institute of Intergovernmental Research (IIR), and Hillard Heintze) or one or more survey administration organizations will utilize each of the two surveys at one point in time for two different populations. The surveys will be administered prior to the application of technical assistance...

Words: 2118 - Pages: 9

Free Essay

Mgmt 520

...Regulation: As the proposed rule updates the provisions of existing regulation, changes are as follows: 1. 45 CFR part 1206, which deals with project suspension and termination, is moved to 45 CFR part 2556, subpart B with most substantive provisions remaining unchanged. Under the proposed rule the provisions for suspension remain unchanged, except that the provisions for summary suspension are eliminated and the provisions for suspension on notice are retained. This has the effect of giving notice to sponsors for all suspensions. Under the proposed rule the provisions for termination remain unchanged,except that a second CNCS review has been eliminated. Experience has shown that a lengthy termination review process is not beneficial to VISTAs at the project in question, unduly consumes the sponsor's staff time and other resources, creates uncertainty for project beneficiaries, and exhausts VISTA resources that could be put to use for the benefit of project beneficiaries. 2. 45 CFR part 1210, which deals chiefly with early termination of a VISTA, is moved to 45 CFR part 2556, subpart E and changed to improve the cost-effectiveness of the provisions and increase efficiency of VISTA program functions. The new provisions for early termination remain substantively the same in many respects. However, the early termination for cause process is modified. While the process retains more than sufficient due process in the form of written notification and appeals at two levels...

Words: 683 - Pages: 3

Premium Essay

Mgmt 520

...1. To: Teddy’s Supplies’ CEO From: Stephanie Oco, Consultant Subject: Review & potential liabilities resulting from Virginia Pollard’s claim. The CEO of Teddy’s Supplies regarding the case that has been brought against the company by former employee, Virginia Pollard, has requested this review. I will be reviewing the case to determine if Teddy’s has any liability issues and what specific facts are relevant. There are several factors that are at play that would make Teddy’s legally liable: 1. Virginia Pollard is claiming to be a victim of “gender based harassment” while being the only female employee holding a position within the warehouse department. The harassment, taunting and pranks played by fellow co-workers was not reported to her supervisor due to the fact that Mr. King, too participated and permeated the behavior. 2. Although, Ms. Pollard did not file a formal complaint against her co-workers or supervisor she may have felt threatened by the behavior of her direct supervisor Mr. King, when attempting to report the incidents he responded in a tone that was unprofessional in nature and quite frankly made statements that furthered the harassment and hostile environment. 3. The company is not safeguarded by it’s current sexual harassment policy and fails to provide employees with proper avenues to report sexual harassment, quid quo pro, or any conduct that creates a hostile work environment which in turn leaves the company severely liable to future...

Words: 1855 - Pages: 8

Premium Essay

Mgmt 520

...Week 2 Assignment MGMT520 ASSIGNMENT QUESTIONS: 1. Identify the administrative agency (full name, not just the acronym) which controls the regulation. Briefly explain why this agency and your proposed regulation interest you. If this proposed regulation will affect you or the business in which you are working, please explain how. It is not required that the proposed regulation affect you professionally or personally. You can use any regulation for this assignment so long as you are able to answer the questions posed here (Questions 1-5). (10 points) Answer: National Oceanic and Atmospheric Administration. I’m interested in environmental and animal conservation and this agency ensures stewardship of natural resources and the wildlife within. 2. Describe the proposal/change in your own words. (10 points) Answer: The proposal aims at classifying the Sakhalin Bay-Amur River stock of beluga whales as depleted which would offer them additional protections under the Marine Mammal Protection Act. 3. Write a comment which you would submit to the administrative agency regarding this proposed regulation. (For example, are you in favor of the proposed regulation or against it? Why?) If the deadline for comments has already passed, write the comment you would have submitted had there been time. Also, explain briefly what you wish to accomplish with your comment. (10 points) Answer: I support this proposal of enacting ‘depleted’ status for Sakhalin Bay-Amur River stock of beluga...

Words: 902 - Pages: 4

Premium Essay

Mgmt 520

...You Decide – Week 6 Question 1. TO: Teddy’s Supplies CEO Date: April 11, 2014 RE: Pollard Sexual Harassment Issue Jim: At your request, I have taken a look at the information that has been collected on the above referenced issue. I offer the following comments and/or suggestions: 1. Pollard was the only female working in the warehouse division of Teddy’s. Several incidents occurred which I will detail below. a. In one incident, Pollard returned to her area to find a co-worker sitting in her chair. She asked him to move. He did not move and proceeded to turn her over his lap and spank her. b. When Pollard approached Steve King to report that she was being targeted he replied “grow some ball” and “get over herself”. c. In one incident, signage was hung on one truck that read “Hardhat Required, Bra Optional”. Pollard was approached and asked to comply. She declined but then lifted the back of her shirt and showed her bra strap. This incident was reported by another employee and Pollard was fired. None of the men were disciplined. Pollard proceeded to filed a sexual harassment lawsuit. New Jersey Commission on Human Right found that her reasons for firing her were “pretext” and awarded her wages and damages. Teddy’s appealed the circuit court stating that Pollard had been guilty of several infractions, including being a participant in the spanking incident. We were also able to show that Pollard did not file a sexual...

Words: 1879 - Pages: 8

Premium Essay

Mgmt 520

...What is the most “jealously” protected kind of speech according to the court in this case? (3 points) basically the least jealously protected speech would be the one of public interest where people can express their feeling without restrain their point of view, which it means they are protected by 1st Amendment, however; the private matter or concern are protected by the law because is the most jealously speech since it is not a public concern. In the Esposito’s case is not consider protected so; the court decide that defendant cannot give names, address, and work place of plaintiff. As result, the defended focuses upon a person who is not public figures, is less stringently protect by the first amendment. 2 What court decided the case in the assignment? The court decides that the decision should be affirm, and the lower court made the right decision. The defended was trying to dismiss the case however judge admit that it understood that the law that anyone can have expressions of an opinion which it could be not be true and the constitution protected those opinion and the plaintiff would not get compensation for damages, but in the this case it was enough evidence that it was a ill jokes and brought intentional distress to the plaintiff. 3 Briefly – state the facts of this case, using the information found in the case in LexisNexis. (5 points) The court found that plaintiff had an actionable claim under the theory of intentional infliction...

Words: 608 - Pages: 3

Premium Essay

Mgmt 520 Weekly Assignments

...MGMT 520 Weekly Assignments Click Link Below To Buy: http://hwcampus.com/shop/mgmt-520/mgmt-520-weekly-assignments/ Or Visit www.hwcampus.com MGMT 520 Week 2 Assignment Administrative Regulations Pick an administrative agency of either the federal or a state government. Find where the current and proposed regulation changes for that agency are located on the Internet (i.e., the Federal Register or the State Administrative Agency website.) Regulations.gov is a good place to begin your research. Pick one proposed regulation change currently under consideration (if you find one that has already closed out but interests you, you can use that instead) and write the following regarding it: 1. State the administrative agency that controls the regulation. Explain why this agency and your proposed regulation interests you (briefly). Will this proposed regulation affect you, or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Dropbox: (a) a Word document with the questions and your answers, and (b) a copy of the proposed regulation you used for this assignment. (10 points) 2. Describe the proposal/change. (10 points) 3. Write the public comment that you would submit to this proposal. If the proposed regulation deadline...

Words: 1632 - Pages: 7

Premium Essay

Mgmt 520 Weekly Assignments

...MGMT 520 Weekly Assignments Click Link Below To Buy: http://hwcampus.com/shop/mgmt-520/mgmt-520-weekly-assignments/ Or Visit www.hwcampus.com MGMT 520 Week 2 Assignment Administrative Regulations Pick an administrative agency of either the federal or a state government. Find where the current and proposed regulation changes for that agency are located on the Internet (i.e., the Federal Register or the State Administrative Agency website.) Regulations.gov is a good place to begin your research. Pick one proposed regulation change currently under consideration (if you find one that has already closed out but interests you, you can use that instead) and write the following regarding it: 1. State the administrative agency that controls the regulation. Explain why this agency and your proposed regulation interests you (briefly). Will this proposed regulation affect you, or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Dropbox: (a) a Word document with the questions and your answers, and (b) a copy of the proposed regulation you used for this assignment. (10 points) 2. Describe the proposal/change. (10 points) 3. Write the public comment that you would submit to this proposal. If the proposed regulation deadline...

Words: 1632 - Pages: 7

Premium Essay

Mgmt 520 Weekly Assignments

...MGMT 520 Weekly Assignments Click Link Below To Buy: http://hwcampus.com/shop/mgmt-520/mgmt-520-weekly-assignments/ Or Visit www.hwcampus.com MGMT 520 Week 2 Assignment Administrative Regulations Pick an administrative agency of either the federal or a state government. Find where the current and proposed regulation changes for that agency are located on the Internet (i.e., the Federal Register or the State Administrative Agency website.) Regulations.gov is a good place to begin your research. Pick one proposed regulation change currently under consideration (if you find one that has already closed out but interests you, you can use that instead) and write the following regarding it: 1. State the administrative agency that controls the regulation. Explain why this agency and your proposed regulation interests you (briefly). Will this proposed regulation affect you, or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Dropbox: (a) a Word document with the questions and your answers, and (b) a copy of the proposed regulation you used for this assignment. (10 points) 2. Describe the proposal/change. (10 points) 3. Write the public comment that you would submit to this proposal. If the proposed regulation deadline...

Words: 1632 - Pages: 7

Premium Essay

Mgmt 520 Paper

...1. The Food and Nutrition Service proposed this regulation. This agency helps to define eating standards for children throughout the U.S. school system. I’m concerned that a lot of children are obese and not eating properly. This produces health problems when they get older and help to increase health care costs. This will affect me by helping my premiums increase for health care costs. 2. The proposed change will help to improve the health of children in school by providing nutritious foods for them to consume throughout the course of a school day. 3. My comment is there has been a big increase in childhood obesity over the past decade. I see this proposed regulation as a positive step towards promoting healthier eating habits for children. Parents should follow in the footsteps of the school system in promoting a healthy diet for their children. This is only part of the solution towards decreasing childhood obesity. This will be an epidemic problem unless we all join forces to come to a solution. 4. The deadline for the public comment was April 9, 2013. 5. A. You will have three choices to choose from after the public comment period. You can adopt the rules. Second, modify the proposed rules and do the public comment again. Third, you can withdraw the rule. B. The first theory is arbitrary and capricious. This theory is applied to informal rulemaking and simply requires the agency to support the proposed rule. The second theory is the...

Words: 519 - Pages: 3

Free Essay

Mgmt 520 Week

...Legal, Political, Ethical Dimns Of Business Assignment For Week - 2 Questions: 1. State the administrative agency, which controls the regulation. Explain why this agency and your proposed regulation interest you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how? The administrative agency that I could like to talk through this assignment that control the regulations is related with “The Social Security Administration” 1 (Library), and the proposed regulations is connected with “Amendments to Regulations Regarding Withdrawal of Applications and Voluntary Suspension of Benefits”. 2 (Jr.)I decided to talk about this administrative agency because as most of us deal with it and some way or the other someone in our family will be affected by the proposed rules. The true is that this rule does not have too much relationship with my current job. My area of focus will be related how this rules could have affected my family or myself few years ago. Taking this in consideration I would like to mention that this rule is an old rules, that had take action few years ago and also it’s so interesting to know how can people had a limit period of applying and taking their right away. 2. Describe the proposal/change. (10 points) According to this proposed regulations they are limiting the time for the withdrawal of old age benefits applications. This rule allows only one withdrawal for lifetime and also limits the voluntary...

Words: 1160 - Pages: 5

Premium Essay

Project 4 Mgmt 520

...199 public comments period. Pg 190 -One of the purposes for publishing proposed rules is to allow the public an opportunity to review and provide input on the proposed rules. The period during which the agency accepts comments on the rule standing equal protection violation of 24th Amendment unlawful poll tax violation of the 14th Amendment discrimination First Amendment. 2. Unauthorized appropriation is a privacy tort – using someone's name, likeness, or voice for commercial advantage without his or her permission. The Midler case specifically used the California law of appropriation to decide the case. In order to sue for palming off, the owners would need to show that the product would create consumer confusion. On page 520, the author of the textbook uses the example of DeBiers instead of DeBeers (diamonds) as a “potentially confusing” name. Palming off, one of the oldest unfair methods of competition, occurs when one company sells its product by leading buyers to believe it is really another com- pany’s product The tort of misappropriation is a form of protection for a business whose trade...

Words: 1866 - Pages: 8

Free Essay

Mgmt 520 Week 2

...MGMT520 - WEEK 2 ASSIGNMENT Jorge Hernandez ASSIGNMENT QUESTIONS: 1. Identify the administrative agency (full name, not just the acronym) which controls the regulation. Briefly explain why this agency and your proposed regulation interests you. If this proposed regulation will affect you or the business in which you are working, please explain how. It is not required that the proposed regulation affect you professionally or personally. You can use any regulation for this assignment so long as you are able to answer the questions posed here (Questions 1-5). Answer: Airworthiness Directives: The Boeing Company Airplanes Agency: Federal Aviation Administration (FAA) Action: Notice of proposed rulemaking (NPRM) I do travel a lot through different airlines so reading this interests me because regular customers like us wouldn’t even notice of such problems and this could make anyone think twice before getting in an airplane. Even though this will not affect me economically, having the idea that something is wrong with the airplanes, could make me not travel and visit my family for a while. 2. Describe the proposal/change in your own words. Answer: Airworthiness Directives are required to do repetitive functional checks for blockage of the forward strut drain line, and doing corrective actions; and a one-time cleaning of certain forward strut drain lines. This repeated inspections will to detect and correct blockage of forward strut drain lines, which could...

Words: 1249 - Pages: 5

Premium Essay

Mgmt-520-18319 Assignment 1

...MGMT-520-18319 Assignment 1 1. State the administrative agency that controls the regulation. Explain why this agency and your proposed regulation interest you (briefly). Will this proposed regulation affect you, or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Dropbox: (a) a Word document with the questions and your answers, and (b) a copy of the proposed regulation you used for this assignment. (10 points) Department of Education- These regulations interest me because I work in the field of special education and I also have a child who receives special education services at school. These regulations will impact how I work with the parents of the children I teach. It will also have an impact on my family because we will not be allowed to non-attorney advocate present at my daughter’s IEP meetings. 2. Describe the proposal/change. (10 points) The Department of Education proposes to allow parents to stop their children from receiving special education and related services by allow them to reverse their consonant. The Department of Education also proposes to ban parents from bring in child advocate who are not attorneys. 3. Write the public comment that you would submit to this proposal. If the proposed...

Words: 891 - Pages: 4

Premium Essay

Mgmt 520 Week 6

...Let's look at the competitive forces model specifically as it applies to the company that interest you or pick one of the following companies, such as Google, Ebay, Amazon, Walmart, Apple, Microsoft, Starbucks, AT&T, Coke, Home Depot, Aflac, etc....   For maximum credit for this post, please be sure to address each of the questions below for your selected company  1. Who are their existing competitors? To name a few EBay, Walmart and Alibaba are some of Amazons competitors. 2. Are there any potential new market entrants? Considering the nature of the business there are always potential new market entrants because it is less costly to enter the market and setup operations. Traditional stores can be the biggest threat because they already have the consumer base. For instance Walmart already enjoy economies of scale, they have brands that people recognize and they have a strong supply chain. 3. Are there any substitute products and services? Yes there are a ton of companies that offer some of the same products and service that Amazon offer. 4. Can customers easily switch to a lower cost provider? Yes customers can easily switch to lower cost providers, but most will not because of the customer service provided by Amazon. 5. Who are the suppliers? Amazon.com provides any type of product there is in its online stores. This means that there is a strong supplier base relationship that cannot be replicated. In addition, as...

Words: 587 - Pages: 3