Term Paper on "Consumer's Privacy Bill of Rights"

Term Paper 5 pages (1482 words) Sources: 7

[EXCERPT] . . . .

Consumer's Privacy Bill Of Rights

Consumer Privacy Bill of Rights

Over the last several years, the Internet has become the one place where consumers can learn about new ideas. While at the same time, they have the ability to purchase a wide variety of products and services. According to statistics provided by the White House, they determined that this accounts for $175 billion in direct economic support for the U.S. economy. Out of this number $85 billion is conducted in retail transactions, $70 billion in payments to Internet service providers and $20 billion in advertising. The combination of these factors is important in illustrating how this has transformed commerce and the way organizations are reaching out to a large demographic of consumers. ("Fact Sheet," 2012) (Jones, 2012)

However, there are concerns about potential abuses taking place. This is because advancements in technology are allowing firms to monitor the actions of an individual while they are online. These issues are raising concerns about how information is collected and utilized in the process. To address these challenges the Obama Administration is proposing the implementation of the Consumer Privacy Bill of Rights. This is updating existing regulations in consumer protection and privacy laws to reflect these new realities. To fully understand what is taking place requires examining the plan in contrast with current regulations. Together, these elements will highlight how this can serve as a foundation in preventing potential abuses and analyzing its validity in today's society. ("Fact Sheet," 2012) (Jones, 2012)

The Consumer Privacy Bill of Rights vs. Existi
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The Consumer Privacy Bill of Rights is designed to enhance regulations that will protect the public against firms collecting, storing and selling their information to other parties. These regulations were designed to give consumers more information about how all data will be used by a variety of organizations. Over the years, they have been continually evolving to keep up with changes in technology and the way firm are interacting with their customers / potential cliental. The most notable include: the Fair Credit Reporting Act, the Electronics Communications Privacy Act, the Telephone Consumer Protections Act of 1991 and the Do Not Call Implementation Act of 2003. ("Consumer Privacy Bill of Rights," 2012) (Jones, 2012)

The Fair Credit Reporting Act was passed in 1970. It is designed to prevent the way personal information is used by credit bureaus. This is achieved by regulating the disclosure of how an individual's data is utilized. Under the law, this occurs when the credit bureau releases it to a third party by disclosing this to consumers through obtaining their written consent. This takes place when an organization is requesting information about their credit history / insurance / employment evaluations and for legitimate business transactions involving the person. (McNamara, 1973)

The Consumer Privacy Bill of Rights is enhancing these guidelines by updating the way personal information is collected and utilized during any kind of online activities. This is achieved through giving the individual the right to determine what data is collected / how it is used, increased transparency in the way it is utilized and more accountability in how companies are handling / storing it. These provisions are illustrating that the law is taking some of the basic provisions of the Fair Credit Reporting Act and it is updating them to reflect these changes. ("Consumer Privacy Bill of Rights," 2012) (Jones, 2012)

The Electronics Communications Privacy Act was designed to protect individual privacy with electronic communications. This was extended to all forms of electronic communications to include: faxes, videos, texts and audio transmissions. At the same time, it changed how different government agencies and private entities can intercept as well as utilize this information. These provisions are designed to enhance the overall amounts of privacy that everyone is afforded under the Fourth Amendment. (Mulligan, 2003)

When this is compared with the Consumer Privacy Bill of Rights, it is clear that the law is enhancing these protections over the Internet. This is occurring through forcing organizations to maintain records as to how any information is collected and stored. Moreover, they have to explain and disclose to them the way this data will be used. These proposed regulations are enhancing the protections provided under the Electronic Communications Privacy Act. This is accomplished by taking areas of security and privacy one step further. Then, applying them to the way information is utilized, stored and retrieved through forcing added disclosures in the process. ("Consumer… READ MORE

Quoted Instructions for "Consumer's Privacy Bill of Rights" Assignment:

In 2012, the Obama Administration put forth the Consumer*****'s Privacy Bill of Rights as a roadmap for future legislation. Compare and contrast this plan with existing legislation. In a thoroughly research response, respond to the validity of its implementation in society today.

You will need to do an in-depth literary search on the topic in order to create a fully-developed response. You will need to include in-text citations and a references list for external references used in supporting your points for this question. You should have no fewer than 7 references for your response to this particular question, 4 of which must be from peer-reviewed sources.

How to Reference "Consumer's Privacy Bill of Rights" Term Paper in a Bibliography

Consumer's Privacy Bill of Rights.” A1-TermPaper.com, 2013, https://www.a1-termpaper.com/topics/essay/consumer-privacy-bill-rights/1440960. Accessed 5 Oct 2024.

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A1-TermPaper.com. (2013). Consumer's Privacy Bill of Rights. [online] Available at: https://www.a1-termpaper.com/topics/essay/consumer-privacy-bill-rights/1440960 [Accessed 5 Oct, 2024].
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[1] ”Consumer's Privacy Bill of Rights”, A1-TermPaper.com, 2013. [Online]. Available: https://www.a1-termpaper.com/topics/essay/consumer-privacy-bill-rights/1440960. [Accessed: 5-Oct-2024].
1. Consumer's Privacy Bill of Rights [Internet]. A1-TermPaper.com. 2013 [cited 5 October 2024]. Available from: https://www.a1-termpaper.com/topics/essay/consumer-privacy-bill-rights/1440960
1. Consumer's Privacy Bill of Rights. A1-TermPaper.com. https://www.a1-termpaper.com/topics/essay/consumer-privacy-bill-rights/1440960. Published 2013. Accessed October 5, 2024.

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