1 Consumer Credit Protection Laws Flashcards
1
Q
Consumer Credit Protection Act
A
Right to know costs & terms of credit
1.67
2
Q
Equal Credit Opportunity Act
A
Right to fair opportunity to obtain credit
You have to receive a response from a creditor within 30 days after your application indicating whether your request has been approved or denied.
3
Q
Fair Credit Reporting Act
A
Right to know what’s in your credit file
1.67
4
Q
Fair Credit Billing Act
A
Right to have billing mistakes resolved
1.67
5
Q
Fair Debt Collection Practices Act
A
Right to be protected from collection agencies
1.67
