The Fair Credit Reporting Act.

 

(a). Note 1 at page 94. Do you believe it was fair to charge Spokeo with violating the Fair Credit Reporting Act? Briefly describe the elements of the offense, the precise issue, and then give concise reasons to support your answer (and what, exactly, would we mean by “fair” in this context?).

 

(b). Note 2 at p. 123. Do you believe the damages assessed to Equifax were proportionate to Equifax’s contribution to Sloane’s ordeal? (Note that there was a thief involved). Should it make any difference that Equifax may have had “1.5 billion credit accounts held by approximately 190 million individuals…[and] receives more than two billion items of information every month” and that Equifax issues its share of the “approximately two million credit reports each day”? (see p. 121 of our text). Who do you think will ultimately bear the cost of the judgment entered against Equifax?

C) Other Federal and State Laws. Answer this :

Note 1 at p. 139. What kind of “reasonable” practical steps might a bank take to make sure the person to whom it issues a credit card is, in fact, the intended person? How much do you think it would cost, and would you as a credit card customer be willing to pay your share of the cost by way of increased fees or higher interest rates on your card? (note the “LoPucki-Solove debate” is excerpted at pp. 135-36). (Would you rather simply pay one of the “identity protection” firms instead, and accept your loses if you didn’t do so?)

Sample Solution

Fundamentally, effective training programs and approaches would guarantee that organization’s workforces are equipped with the appropriate knowledge and information to efficiently perform their tasks (Acton & Golden 2003). Subsequently, trained and efficient workforces tend to produce better results than workforces that have not undergone training. Resultantly, overall productivity and efficiency may be improved and sustained on a long-term basis. Moreover, organizations also rely on training to cascade new initiatives. For example, organizations attempting to introduce new concepts, such as total quality management (TQM) and other programs tend to conduct training sessions to introduce the new concept to the members of the organization. In addition, organizations extract benefits from conducting trainings among staffs. Acton and Golden (2003) explained that providing training opportunities to employees help in: increasing employee satisfaction; increasing sense of belongingness and benefits; improving employee commitment to the organization; updating of skills; and strengthening the organization’s competitiveness. In relation, commonly used training techniques include audio-visual based training, computer-based training, electronic performance support system, and the distance, Internet-based training (Acton and Golden 2003). Organizations normally use a combination of these approaches to enforce learning.

From the perspective of the employees, the training process is beneficial as it allows employees to refresh existing skills and more importantly learn new competencies and knowledge (Baldwin-Evans 2004). Primarily, training helps employees improve skills and knowledge that are necessary for personal as well as professional growth. By maximizing training opportunities, employees tend to become more competitive and competent, which helps in increasing the market value. It would be important to consider that training helps employees develop new competencies and expertise, which are determinants of market value, as well as compensation and other incentives. In essence, highly competent workforces expect higher salaries or compensation, as this kind of workers are highly demanded.

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