Medial Summary: Categorizing information can help when you have a credit problem. The items below are...

 

 

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Medial Summary: Categorizing information can help when you have a credit problem. The items below are problems consumers face when using credit. Directions: On the following chart, write the number of the problem next to the government regulation that covers the situation. Name of the Law Truth in Lending Act Fair Credit Reporting Act Equal Credit Opportunity Act Fair Credit Billing Act Fair Debt Collection Practices Act 1. Beth's latest billing statement shows an error of $100, and Beth wants the credit company to cor- rect it. 2. A collection agency repeatedly calls Bob at work to ask when he will make his overdue car payments. 3. The bank refuses to loan Jane money, so she asks the bank representative for the name of the credit bureau that issued her credit report. Credit Problem 4. Jamal refuses to give his national origin on a loan application for an automobile. 5. Tim's credit card company raised the annual per- centage rate on its cards without notifying its customers. 6. Keela withholds payment for a color television set that she charged, because the TV set doesn't work right. 7. Barry wants to cancel a magazine subscription the day after he orders it. Medial Summary: Categorizing information can help when you have a credit problem. The items below are problems consumers face when using credit. Directions: On the following chart, write the number of the problem next to the government regulation that covers the situation. Name of the Law Truth in Lending Act Fair Credit Reporting Act Equal Credit Opportunity Act Fair Credit Billing Act Fair Debt Collection Practices Act 1. Beth's latest billing statement shows an error of $100, and Beth wants the credit company to cor- rect it. 2. A collection agency repeatedly calls Bob at work to ask when he will make his overdue car payments. 3. The bank refuses to loan Jane money, so she asks the bank representative for the name of the credit bureau that issued her credit report. Credit Problem 4. Jamal refuses to give his national origin on a loan application for an automobile. 5. Tim's credit card company raised the annual per- centage rate on its cards without notifying its customers. 6. Keela withholds payment for a color television set that she charged, because the TV set doesn't work right. 7. Barry wants to cancel a magazine subscription the day after he orders it.

Answer rating: 100% (QA)

1 Fair Credit Billing Act 2 Fair Debt Collection Practices Act 3 Equal Credit Opportunity Act 4 NA J... View the full answer