Mike Cook Has Been Receiving Calls at Work Every Two

question 3

Multiple Choice

Mike Cook has been receiving calls at work every two hours from a collection company that is trying to collect a past due loan from him.He believes this is harassment and that the collections company is not allowed to do this.Which consumer protection law provides protection from this type of harassment?

• A)Fair Credit Reporting Act
• B)Fair Credit Billing Act
• C)Equal Credit Opportunity Act
• D)Fair Debt Collection Practices Act
• E)Truth in Lending Act

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Definitions:

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.

Retained Earnings

The portion of net earnings not distributed as dividends to shareholders but retained by the company to reinvest in its core business or to pay debt.

Net Income

The total profit of a company after all expenses, taxes, and costs have been deducted from total revenue.

Dividend

A payout of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.