Exam 18: Regulations Protecting Consumer Purchases, privacy, and Financial Activities

The Magnuson-Moss Warranty Act requires the Federal Trade Commission to issue rules regarding warranties for consumer products.

The Consumer Financial Protection Bureau's authority applies to

What are the transactions that are covered by the Truth-in-Lending Act?

When will federal courts assess civil fines related to trade practice violations under the Federal Trade Commission Act?

What is the purpose of the Video Privacy Protection Act of 1988 and why was the Act amended by Congress in 2012?

______,usually one of the first actions of a debt collector to locate a debtor,may require that the collector contact third parties who know of the debtor's whereabouts.

The ______ is the sum of all charges payable directly or indirectly by the debtor or someone else to the creditor as a condition of the extension of credit.

Name the three major rights given to consumers under the Fair Credit Reporting Act.

The ______ provision of the Fair Credit Reporting Act requires that consumers who are seeking credit for personal,family,or household purposes be informed if their application is denied because of an adverse credit report.

What are the Fair Debt Collection Practices Act's restrictions on collection methods of collection agencies?

With regard to privacy,protections against intrusions by private actors are often limited to particular business contexts or certain forms of communications.

In the context of the Truth-in-Lending philosophy of full disclosure,what is meant by a "finance charge" and what are the items included in a "finance charge?"

Which of the following statements is true of the penalties and remedies under the Truth-in-Lending Act?

What are the alternatives possible in a bankruptcy proceeding?

Which of the following statements is true of the limitation of the Fair Credit Reporting Act?

The Federal Trade Commission is the most significant enforcer of false and deceptive advertising laws.

The Fair Credit Reporting Act eliminates the need for a potential employer to inform a job applicant that an investigative report is being obtained on him or her.

What guidelines as issued by the Fair Debt Collection Practices Act (FDCPA)does a debt collector have to follow in order to contact a debtor?

Marie is an unmarried woman with a well-paid job.If she applies for credit solely at a bank in her own name,the bank is legally allowed to assign negative values on a credit checklist because of the fact that she is unmarried.

The ______ of 1974 places constraints on how certain kinds of information collected by the federal government can be used and limits those to whom the information may be released.