Henry Applied for a Loan from First Bank and Was

question 5

Multiple Choice

Henry applied for a loan from First Bank and was denied the loan two weeks later.He discovered that the reason behind the denial was that the bank considered him a poor credit risk because a credit report stated that he was an alcoholic.Henry claimed that this information was not true.Which of the following Acts will allow Henry to approach First Bank for reconsideration of his loan application?

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

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Definitions:

Retrieving

The process of getting information out of memory storage.

Core Knowledge Perspective

A theory in developmental psychology that suggests children are born with innate knowledge systems or core domains of thought.

Innate Knowledge Systems

Cognitive structures present at birth that allow individuals to acquire knowledge, often considered a part of the nature versus nurture debate.

Reflexive Behaviors

Automatic, instinctual actions that do not require conscious thought, often present from birth.