Multiple Choice
Which of the following acts ensured that every individual who has need for consumer credit is given full disclosure of the finance charge and the annual percentage rate of interest?
A) Truth in Lending Act
B) Fair Credit and Charge Card Disclosure Act
C) Credit Card Accountability, Responsibility, and Disclosure Act
D) Fair Credit Reporting Act
E) Consumer Leasing Act
Correct Answer:
Verified
Correct Answer:
Verified
Q32: Under the Fair Credit Reporting Act, an
Q33: "Redlining" is the process of deleting incorrect
Q34: The penalties for violating usury laws are
Q35: Which of the following acts restricts card
Q36: Which of the following is true of
Q37: When the government-state or federal-allows inexpensive credit
Q38: _ is an agreement by an employee
Q39: The Fair Credit Billing Act applies to
Q40: The Annual Percentage Rate (APR) is another
Q41: The Truth in Lending Act protects natural-person