In the Context of Protection for Consumers, Which of the Following

question 116

Multiple Choice

In the context of protection for consumers, which of the following statements is true of the Dodd-Frank Act?

• A) It requires credit card issuers to give a 45-day notice before making significant changes to credit agreements.
• B) It requires lenders, insurance companies, and others who reject your application to provide you with a free copy of your credit score.
• C) It requires anyone under the age of 21 who applies for a credit card to either verify proof of income or have an older adult cosign the application.
• D) It places caps on certain types of fees that credit card issuers can charge.

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Definitions:

Anger

An emotional response characterized by antagonism toward someone or something you feel has deliberately done you wrong.

Physician

A medical professional who is qualified to diagnose and treat illnesses, diseases, injuries, and other physical and mental impairments in humans.

Elisabeth Kübler-Ross

A psychiatrist known for her pioneering work on the five stages of grief, which she detailed in her book "On Death and Dying."

Fourth Step

A phase or stage in a process or sequence, commonly referring to specific steps in structured programs, like in recovery from addiction.