The ________ Credit Reporting Act and Equal Credit Opportunity Act

question 8

Short Answer

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

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Definitions:

Extracurricular Activity

Activities that fall outside the scope of the regular academic curriculum, often involving sports, clubs, or volunteer work, which contribute to a person's education.

Parenting Style

The emotional climate, practices, and behaviors that a parent uses in their child-rearing.

Demands

Requirements or needs that are placed upon an individual by themselves, others, or the environment, which can range from simple tasks to complex responsibilities.

Permissive

A style or approach characterized by a high degree of freedom and leniency, often used to describe parenting or leadership styles.