Which of the Following Statements Is True of the Dodd-Frank

question 87

Multiple Choice

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:

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow that outlines a five-tier model of human needs, depicted as hierarchical levels within a pyramid.

Factual Evidence

Factual evidence is information that can be verified and objectively proven to support assertions or conclusions.

Persuasive Claims

Statements made to convince or influence an audience towards a particular belief or action.

Routine Claim Messages

Communications sent to request redress or compensation for unsatisfactory products or services, typically straightforward and expected in business settings.