Examlex
In the action stage of team development,the focus shifts to:
Collection Practices
Procedures and methods used by businesses to recover debts from customers.
Fair Debt Collection Practices Act
A U.S. federal law that aims to protect consumers from abusive, deceptive, and unfair debt collection practices.
Credit Costs
The expenses associated with borrowing money, including interest rates and fees.
Truth in Lending Act
A federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.
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