Under the Fair and Accurate Credit Transaction Act, the FTC

question 332

Multiple Choice

Under the Fair and Accurate Credit Transaction Act, the FTC has issued regulations:

• A) that credit card receipts may not show more than the last five numbers of a card
• B) that consumers must be allowed to correct bad information on their credit reports
• C) that consumer information must be properly disposed of
• D) that credit card details may not be printed on credit receipts
• E) all of the other choices

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Definitions:

Impression Management

The effort to control or influence the perceptions others have of us, often through the manipulation of information in social interactions.

Intimacy Equilibrium

The balance between the need for closeness and personal space in interpersonal relationships.

Credit Balance

The amount of money that a creditor owes to a debtor, reflecting payments exceeding charges on an account.

Collection Agency

A business that specializes in recovering unpaid debts on behalf of the original creditor.