Which of the Following Federal Agencies Does NOT Enforce the Disposal

question 68

Multiple Choice

Which of the following federal agencies does NOT enforce the Disposal Rule under the Fair and Accurate Credit Transactions Act (FACTA) ?

• A) The Office of the Comptroller of the Currency
• B) The Consumer Financial Protection Bureau
• C) The Department of Health and Human Services
• D) The Federal Trade Commission

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Definitions:

Dual Purpose Corporation

A business entity designed to operate for both profit and to achieve a social or charitable goal.

General Partnership

A partnership in which the partners divide profits and management responsibility and share unlimited personal liability for the partnership’s debts.

Business Losses

Business losses are the negative financial impacts a business suffers, often reflected in its financial statements as expenses exceeding revenues.

Personal Liability

The legal responsibility of an individual to fulfill obligations or debts out of their own assets.