Asked by AbOod Al-Sharif on Jun 30, 2024
Verified
Which of the following is/are federal law(s) regulating the credit industry?
A) The Truth in Lending Act
B) The Fair Credit Reporting Act
C) The Fair Debt Collection Practices Act
D) The Truth in Lending Act,the Fair Credit Reporting Act,and the Fair Debt Collection Practices Act
E) The Truth in Lending Act and the Fair Credit Reporting Act,but not the Fair Debt Collection Practices Act
Fair Credit Reporting Act
A federal law that regulates the collection, dissemination, and use of consumer credit information to ensure accuracy and privacy.
Fair Debt Collection Practices Act
A US federal law aimed at preventing abusive, deceptive, and unfair practices by debt collectors when collecting debts.
- Distinguish and detail the range of laws and regulations safeguarding consumers.
- Understand the protections against unfair debt collection practices.
Verified Answer
SL
Student Lindsey StuartJul 01, 2024
Final Answer :
D
Explanation :
Three federal laws that regulate the credit industry in order to protect consumers are the Truth in Lending Act,the Fair Credit Reporting Act,and the Fair Debt Collection Practices Act.
Learning Objectives
- Distinguish and detail the range of laws and regulations safeguarding consumers.
- Understand the protections against unfair debt collection practices.
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