TECHNOLOGYS ETHICAL LEGAL PRIVACY ISSUES
PROTECTING CONSUMER PRIVACY ONLINE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which Act protects consumers against inaccurate and unfair practices from credit card companies and lenders?The ____ in Lending Act protects consumers against inaccurate and unfair practices from credit card companies and lenders.
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Trade
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Tracking
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Trust
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Truth
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Explanation:
Detailed explanation-1: -The Truth in Lending Act (TILA) protects you against inaccurate and unfair credit billing and credit card practices.
Detailed explanation-2: -The Consumer Credit Protection Act Of 1968 (CCPA) protects consumers from harm by creditors, banks, and credit card companies. The federal act mandates disclosure requirements that must be followed by consumer lenders and auto-leasing firms.
Detailed explanation-3: -The Truth in Lending Act (TILA) of 1968 is a Federal law designed to promote the informed use of consumer credit. It requires disclosures about the terms and cost of loans to standardize how borrowing costs are calculated and disclosed.
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