The ____ mandates clear disclosure of relevant credit information in consumer credit transactions. It requires conspicuous disclosure of finance charges and interest rates calculated in a uniform manner

A) Equal Credit Opportunity Act
B) Fair Credit Billing Act
C) Truth-in-Lending Act
D) FTC Act

C

Business

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What explains the recent increase in many large insurance companies conversion to stockholder controlled companies?

A. Pressure from policyholders. B. Additional premiums. C. Access to equity markets. D. Tax concerns. E. Regulatory requirement.

Business

Which of the following examples best illustrates marketing myopia?

a. A text messaging company founded in a small town determines it has no competition because there are no other text messaging companies near-by. b. An established software company that believes start-ups pose no threat. c. A company that sells music devices such as the iPod or MP3 players believes cell phones will not affect their sales. d. None of the above are examples of market myopia. e. All of the above are examples of market myopia.

Business