BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Credit Card Act of 2009
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Usury law
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Truth In Lending Act
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Fair Credit Reporting Act
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Detailed explanation-1: -The amendment prohibits creditors from taking actions that adversely affect the consumer’s credit standing until an investigation is completed, and affords other protection during disputes.
Detailed explanation-2: -The Fair Credit Reporting Act (FCRA) is the act that regulates the collection of credit information and access to your credit report. It was enacted in 1970 to ensure fairness, accuracy and privacy of the personal information contained in the files of the credit reporting agencies.
Detailed explanation-3: -The Fair Credit Billing Act is a 1974 federal law enacted to protect consumers from unfair credit billing practices and enables individuals to dispute unauthorized charges and undelivered goods or services.