Chapter 6.2 Consumer Regulations

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1.
1 point
Protected consumers from unfair billing practices and provided a way to correct billing errors
2.
1 point
Required that all lenders make credit decisions on credit qualifications, not gender, marital status, race, etc.
3.
1 point
An independent consumer-protection organization that was created to protect the interests of consumers
4.
1 point
Also Title I of Consumer Credit Protection Act. Required that all terms of costs related to a loan must be provided to consumer in writing
5.
1 point
The total dollar amount of interest and any other fees paid on the loan.
6.
1 point
The actual annual interest rate paid over the life of a loan.
7.
1 point
Required that credit card bureaus collect and distribute information in a fair and legal manner and provided processes for correcting credit report errors.
8.
1 point
Protected consumers from unfair and deceptive credit card practices.
9.
1 point
Prevented redlining by requiring that banks and other depository institutions show that they are serving credit card needs of all the people in their market area.
10.
1 point
Protected consumers from unfair and deceptive credit card practices and gave card holders additional rights.