GENERAL KNOWLEDGE

GK

BANKING AWARENESS AND SEBI

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which one of the following is a set of United State statutes added as Title VIII of the Consumer Credit Protection Act?

A	FOIA
B	FCRA
C	FACTA
D	FDCPA

Explanation:

Detailed explanation-1: -The Fair Debt Collection Practices Act (FDCPA) The Fair Debt Collection Practices Act makes up Title VIII of the Consumer Credit Protection Act. This federal law first became effective in 1978.

Detailed explanation-2: -146, enacted May 29, 1968, composed of several titles relating to consumer credit, mainly title I, the Truth in Lending Act, title II related to extortionate credit transactions, title III related to restrictions on wage garnishment, and title IV related to the National Commission on Consumer Finance.

Detailed explanation-3: -Fair Debt Collection Practices Act. The Fair Debt Collection Practices Act (FDCPA) was signed into law on September 29, 1977, as an amendment to the Consumer Credit Protection Act.

There is 1 question to complete.