some IRS collection practices are categorized as ‘unauthorized,’ that is, prohibited. . .
It all sounds good doesn’t it? Is there a catch? Consumers advocates have been all for it. Credit card issuers and credit industry analyst say the new credit card laws will end up making credit cards more costly to consumers and less accessible for low-income families.
The Identity Theft Enforcement and Restitution Act is another story of good new and bad news. The good news is that more identity theft crimes will be prosecuted. The bad news is . . .
Senator Dianne Feinstein has been championing for reforms and tougher laws for identity theft. She’s seen firsthand how easy it is to have your identity stolen. According to Feinstein, “At a hearing, a police officer from Washington D.C. came forward and gave me a phony credit card that he’d gotten in my name.” He showed how is easy it was. He’d gotten it that morning. I still have it in my desk.”
I will be talking more about this later, but companies, and business owners, need to be aware that they can held liable for compliance with laws that they may not even know exist. This is something most business owners know (and some fear), but what you, as a business owner, may not know, is that …