On the other hand, a low credit score and poor payment history show lenders that it may be risky to work with you because it suggests that you might have difficulty making payments on time and managing debts. As a result of this increased risk, poor credit history may lead a lender to ...
1973 – Credit Where Credit Is Due Nucor offers a 5-cent cash dividend per share of the company’s common stock, and has paid a quarterly dividend ever since. A year later, the Nucor Foundation is established for teammates’ children. Since 1974, Nucor has contributed over $97 million to...
1974 – 1975 World recession is triggered by the oil embargo. The Home Mortgage Disclosure Act (HMDA) encourages lending to modest income areas. The Community Reinvestment Act direct banks to meet the credit needs of their communities, including moderate income areas. 1980 – 1982 Problems with ...
1970 U.S. Fair Credit Reporting Act: This act regulates the collection, dissemination, and use of consumer credit information and provides a baseline for the rights of consumers regarding their credit information. ■ 1970 U.S. Racketeer Influenced and Corrupt Organization (RICO) Act: This act ex...
Reference work2001, International Encyclopedia of the Social & Behavioral Sciences J. Myrdal Explore book See also: Agricultural Change Theory; Agricultural Sciences and Technology; Agriculture, Economics of; Economic History; Feudalism; Food in Anthropology; Food Production, Origins of; Food Security; ...
History of the Uniform Consumer Credit Code (UCCC) As mentioned above, the UCCC was established in 1968 as a way to protect consumers from predatory and questionable credittransactions. Amendments were made in 1974 to update the code as the financial industry and legal landscape were changing. ...
Negotiable order of withdrawal (NOW) accounts were an additional alternative for such investors prior to theDodd-Frank Act. Until 2011, NOW accounts were commonly used for consumer and retail consumers who wished to get a return for their unused funds while still being able to use the fund...
History of the Federal Reserve System The Fed was established by the Federal Reserve Act, which was signed by President Woodrow Wilson on Dec. 23, 1913, in response to the financial panic of 1907. Before that, the U.S. was the only major economic power without a central bank.8 ...
Equal Credit Opportunity Act (ECOA) of 1974 Discriminatory lending and housing practices continued despite the Fair Housing Act, and civil rights groups advocated for additional laws. In 1974, Congress passed theEqual Credit Opportunity Act (ECOA). According to the Federal Trade Commission, the ECOA...
and methods of harvesting and processing. The subtle but numerous variations in agarwood properties led to the development of systems for product classification and description in several consumer countries. This paper reviews the uses and trade of agarwood and its social, political, and economic signi...