Asked by
Doreen Smith
on Dec 01, 2024
Verified
Enforcement and interpretation of the Truth-in-Lending Act is now the responsibility of the:
A) Consumer Financial Protection Bureau.
B) Justice Department.
C) Federal Trade Commission.
D) Federal Reserve Board.
Truth-In-Lending Act
A federal law designed to promote the informed use of consumer credit, by requiring disclosures about its terms and cost to standardize the manner in which costs associated with borrowing are calculated and disclosed.
Consumer Financial Protection Bureau
A regulatory agency charged with overseeing financial products and services offered to consumers.
- Recognize the rights of consumers as outlined by the Fair Credit Reporting Act.
Verified Answer
KK
Learning Objectives
- Recognize the rights of consumers as outlined by the Fair Credit Reporting Act.
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