Which Federal Credit Law Sets the Procedure for Promptly Correcting

question 90

Multiple Choice

Which federal credit law sets the procedure for promptly correcting billing mistakes?

• A)Fair Debt Collection Practices Act
• B)Equal Credit Opportunity Act
• C)Fair Credit Billing Act
• D)Fair Credit Reporting Act
• E)Truth in Lending Act

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Definitions:

Fad Products

Items that become extremely popular in a short period of time but lose their appeal just as quickly.

Competitive Advantage

A favorable position a business holds over its competitors, often achieved by offering superior quality, lower costs, or unique features.

Late Majority

A category of consumers that rely on others for information, buying a good or service because others have already done so.

Customer Service

The support and assistance provided by a company to those who buy or use its products or services.