What Is Not a Feature of the Consumer Credit Protection

question 180

Multiple Choice

What is not a feature of the Consumer Credit Protection Act:

• A) abusive debt collection tactics are limited
• B) credit reporting agencies must follow certain rules about accuracy in consumer reports
• C) creditors must follow certain procedures for handling charges disputed by consumers
• D) creditors may not charge interest rates that exceed the federal maximum rates
• E) all of the other choices are features of the Act

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Definitions:

Government Services

Various services provided by the government to citizens including education, healthcare, law enforcement, and public infrastructure.

Horizontal Equity

The principle that individuals with similar income or assets should be taxed at the same rate, reflecting fairness in tax policy.

Tax Policy

Refers to the principles and proposals governments use to design and implement taxes, affecting economic behavior, distribution of income, and fund public expenditures.

Income Quintile

A statistical measure dividing the population into five equal groups according to their income level to analyze economic inequality.