If There Are Violations of the Equal Credit Opportunity Act

question 33

Multiple Choice

If there are violations of the Equal Credit Opportunity Act (ECOA) , affected consumers:

• A) have the right to file a petition to the president to seek redressal.
• B) cannot seek public enforcement by the FTC but have the right to sue under private remedies provided in the Act.
• C) have to depend on public enforcement by the FTC as they do not have the right to sue.
• D) have the right to sue as well as the right to seek public enforcement by the FTC.
• E) have the right to resort to intimidatory tactics against the guilty party.

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Definitions:

John Bowlby

A British psychologist known for his foundational work in attachment theory, focusing on the importance of early emotional bonds between a child and their caregiver.

Developmental Psychologists

Professionals who study the growth and development of the human mind and behavior across the lifespan.

Attachment Theory

A psychological, evolutionary, and ethological theory concerning relationships between humans, particularly between a child and a caregiver, emphasizing the importance of attachment in personal development.

Attachment Styles

Refers to the patterns of expectations, needs, emotions, and social behaviors that individuals form towards their relationships, stemming from early interactions with caregivers.