Which of the Following Federal Consumer Credit Laws Requires Creditors

question 51

Multiple Choice

Which of the following federal consumer credit laws requires creditors to promptly credit customers' accounts and to return overpayments if requested?

• A)Fair Credit Reporting Act
• B)Truth in Lending Act
• C)Equal Credit Opportunity Act
• D)Fair Credit Billing Act
• E)Consumer Credit Reporting Reform Act

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Definitions:

Relaxation Training

Techniques aimed at reducing stress and tension, including exercises like deep breathing, meditation, or progressive muscle relaxation.

Mindfulness Meditation

A practice of focused attention and awareness on the present moment, often used as a technique to manage stress, reduce anxiety, and promote emotional health.

Temporary Assistance

Governmental programs designed to provide financial aid or support to individuals or families in need for a limited period of time.

Needy Families

Families that lack the financial resources to meet basic living expenses such as food, housing, and healthcare.