The Organic Foods Production Act of 1990 authorized the United States Department of Agriculture (USDA) to establish national standards for the marketing of organically produced products. In response to this, the USDA’s Agricultural Marketing Service (AMS) developed the National Organic Program, which was issued in 2000. According to the USDA-AMS website, an organic label “indicates […]
Archive | Consumer
Trading Off Fracked Natural Gas for Coal in China
By Sarah Grajdura and Mindy Mallory on February 13, 2015 in Commodities, Consumer, Economics, Energy
China’s enormous growth in the past few decades stimulated a high demand for energy that historically has been fueled by coal. However, obtaining natural gas from fracking shale formations is becoming an economical competitor to coal in China because of advances in technology and economic incentives provided by the Chinese government (Thomas, p.1). Between 1984 […]
Mortgage Consumer Protection in Action
Since the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) authorized the Consumer Financial Protection Bureau (CFPB) to regulate lending practices in the credit market, the CFPB has addressed the mortgage market with several amendments to existing mortgage regulations under the Truth in Lending Act (TILA) and the Homeowner Equity Protection Act (HOEPA). The TILA and […]