Which Federal Consumer Credit Law Requires Issuers to Display on Monthly

question 14

Multiple Choice

Which federal consumer credit law requires issuers to display on monthly statements how long it would take to pay off the existing balance and the total interest cost if the consumer paid only the minimum due?

• A)Fair Credit Reporting Act
• B)Equal Credit Opportunity Act
• C)Truth in Lending Act
• D)Credit Card Accountability,Responsibility,and Disclosure Act
• E)Fair Credit Billing Act

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