Legal Ethical and Regulatory Issues

Legal, Ethical & Regulatory Issues The online banking industry is a growing and a continu both(prenominal)y evolving business line. This paper will identify and describes the legal, honorable, and regulatory issues that bear upon online banking the Websites. Business ethics examines ethical rules and principles within a mercantile context involved in e-commerce atomic number 18 faced with the corresponding if not more legal issues as any new(prenominal) business; these issues include, but are not limited to jurisdiction, contract, and legitimacy in the banking. Banks such as Wells Fargo, Wachovia, and Bank of the States using Websites to conduct electronic commerce should adhere to the uniform ethical standards that other businesses follow. (Schneider, 2004). Ethics play an integral berth in online banking because the potential for abuse is great. Each of the three selected business in the online banking industry have posted their ethical standards on their websites. There are many legal and regulatory issues that run into banking websites, trademark infringement, name changing and name stealing, protecting intelligent property, and advertising regulations as well as online crime and online warfare and terrorism.

There are various legal, ethical, and regulatory issues that will be addressed in this paper and we will focus on the most important aspect and that is that e-business must comply with all of the homogeneous laws that other businesses. Internet usage comes with it own risk of infection but when doing banking business online people want to be ensure that there are laws that will protect them in every situation. In most banks and most situations there are laws that are available to protect, most if not all, of banking transactions. Online bankers are subject to the same rights and protections of those traditional banker users. The government has made it their responsible for regulating usage, makes ethical laws and enforces those laws in establish to make banking safe for all mortal and business users. Some... If you want to get a full essay, order it on our website: Orderessay

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