NAICS Code 926110-07 - Consumer Protection Agencies

Marketing Level - NAICS 8-Digit

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NAICS Code 926110-07 Description (8-Digit)

Consumer Protection Agencies are organizations that aim to protect consumers from fraudulent or unfair business practices. These agencies work to ensure that businesses comply with consumer protection laws and regulations, and investigate and resolve consumer complaints. Consumer Protection Agencies also provide information and education to consumers about their rights and responsibilities, as well as tips on how to avoid scams and frauds.

Hierarchy Navigation for NAICS Code 926110-07

Tools

Tools commonly used in the Consumer Protection Agencies industry for day-to-day tasks and operations.

  • Consumer complaint database software
  • Investigation management software
  • Data analysis tools
  • Consumer education materials
  • Legal research databases
  • Fraud detection software
  • Consumer hotline management software
  • Social media monitoring tools
  • Consumer survey tools
  • Case management software

Industry Examples of Consumer Protection Agencies

Common products and services typical of NAICS Code 926110-07, illustrating the main business activities and contributions to the market.

  • Product safety regulation
  • Consumer fraud prevention
  • Consumer complaint resolution
  • Consumer education and awareness
  • Consumer advocacy
  • Price and advertising regulation
  • Consumer privacy protection
  • Consumer credit regulation
  • Consumer health and safety protection
  • Consumer rights enforcement

Certifications, Compliance and Licenses for NAICS Code 926110-07 - Consumer Protection Agencies

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Certified Consumer Credit Counselor: This certification is provided by the National Foundation for Credit Counseling (NFCC) and is required for professionals who provide credit counseling services to consumers. The certification ensures that the counselor has the necessary knowledge and skills to help consumers manage their debt and improve their credit score.
  • Certified Fraud Examiner: This certification is provided by the Association of Certified Fraud Examiners (ACFE) and is required for professionals who investigate fraud and financial crimes. The certification ensures that the examiner has the necessary knowledge and skills to detect and prevent fraud.
  • Certified Information Privacy Professional (CIPP): This certification is provided by the International Association of Privacy Professionals (IAPP) and is required for professionals who handle sensitive consumer information. The certification ensures that the professional has the necessary knowledge and skills to protect consumer privacy.
  • Certified Regulatory Compliance Manager (CRCM): This certification is provided by the American Bankers Association (ABA) and is required for professionals who ensure that their organization complies with relevant laws and regulations. The certification ensures that the manager has the necessary knowledge and skills to manage regulatory compliance.
  • Certified Consumer Specialist: This certification is provided by the Consumer Data Industry Association (CDIA) and is required for professionals who handle consumer credit information. The certification ensures that the specialist has the necessary knowledge and skills to handle consumer credit information responsibly.

History

A concise historical narrative of NAICS Code 926110-07 covering global milestones and recent developments within the United States.

  • The "Consumer Protection Agencies" industry has a long history worldwide, with the first consumer protection laws being enacted in the late 1800s in the United States. The Federal Trade Commission (FTC) was established in 1914 to protect consumers from unfair business practices, and in the 1960s, the Consumer Product Safety Commission (CPSC) was created to regulate the safety of consumer products. In recent years, the industry has seen advancements in technology, with the rise of online consumer protection agencies and the use of big data to identify and prevent fraud. In the United States, notable milestones include the creation of the Consumer Financial Protection Bureau (CFPB) in 2010, which was established to protect consumers in the financial sector, and the implementation of the General Data Protection Regulation (GDPR) in the European Union in 2018, which has influenced data protection laws worldwide.

Future Outlook for Consumer Protection Agencies

The anticipated future trajectory of the NAICS 926110-07 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    Consumer Protection Agencies in the USA are expected to continue to grow in importance as consumers become more aware of their rights and demand greater protection from businesses. The industry is likely to see increased regulation and enforcement, particularly in areas such as data privacy and security, as well as increased focus on emerging technologies such as artificial intelligence and the Internet of Things. Additionally, the industry is expected to play a key role in protecting consumers from emerging threats such as cybercrime and identity theft. Overall, the future outlook for Consumer Protection Agencies in the USA is positive, with continued growth and increasing importance in the years to come.

Industry Innovations for NAICS Code 926110-07

Recent groundbreaking advancements and milestones in the Consumer Protection Agencies industry, reflecting notable innovations that have reshaped its landscape.

  • Consumer Protection Agencies have been increasingly using social media to engage with consumers and provide information on consumer rights and protections.
  • The industry has also been developing new tools and technologies to help consumers protect themselves from fraud and other forms of financial exploitation.
  • Consumer Protection Agencies have been working to improve their outreach to underserved communities, including low-income and minority populations.
  • The industry has been collaborating with other organizations to develop new standards and best practices for data privacy and security.
  • Consumer Protection Agencies have been working to improve their ability to detect and respond to emerging threats such as cybercrime and identity theft.

NAICS Code 926110-07 - Consumer Protection Agencies

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