The ________ and Equal Credit Opportunity Act State That Consumers

question 38

Multiple Choice

The ________ and Equal Credit Opportunity Act state that consumers who are denied loans must receive a notice of "adverse action" from the business explaining the decision.

• A)PATRIOT Act
• B)Class Action Fairness Act
• C)Fair Credit Reporting Act
• D)Sarbanes-Oxley Act

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Definitions:

SEC Regulations

The rules and regulations enforced by the Securities and Exchange Commission (SEC) that govern securities and financial markets in the United States.

Stock Market Crash

A rapid and significant decline in the stock market prices, which can lead to a widespread panic among investors and significantly affect the overall economy.

Stock Repurchase

A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares.

Continuing Shareholders

Continuing shareholders are individuals or entities that retain their shares in a company through various corporate actions or transactions, maintaining their stake in the company.