The Truth-In-Lending Act of 1968 Gave Consumers the Right to Access

question 101

True/False

The Truth-in-Lending Act of 1968 gave consumers the right to access the information from their credit files kept at local and regional credit bureaus.

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Definitions:

Employee Stock Ownership Plan (ESOP)

A program that allows employees to own a stake in the company they work for, typically through the allocation of stock shares.

Tax-Qualified

Pertains to financial accounts or plans that meet government standards for receiving tax advantages.

Retirement Benefit Plan

A financial arrangement designed to provide individuals with an income or benefits upon retirement, often sponsored by employers or governments.

Due Diligence

An investigative process performed by investors or companies to assess the viability, risks, and opportunities of a prospective deal, investment, or partnership.