The Consumer Credit Protection Act Of 1968 (CCPA) is federal legislation that created protections for consumers from banks,credit cardcompanies, and other lenders. The act mandatesdisclosurerequirements that must be followed by consumer lenders and auto-leasing firms and has been expanded significantly ...
The Equal Credit Opportunity Act (ECOA) is a federal civil rights law that forbids lenders to deny credit to an applicant based on any factor unrelated to the person's ability to repay.
The Privacy Act of 1974 governs the collection and use of information about individuals in federal agencies' systems. It prohibits the disclosure of an individual's records without their written consent, unless the information is shared under one of 12 statutory exceptions. The Health Insurance Porta...
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According to theCredit CARD Act of 2009, card issuers are legally required to include a "minimum payment warning" on each billing statement. This is often represented by a table that tells you the total time to pay off your balance and the total amount you'll end up paying (including inte...
What is the best cash advance credit card? What is the best low interest credit card? What is the best secured credit card? What is the best credit card for bad credit? Show more AboutDoug Milnes, CFA Doug Milnes is a CFA charter holder with over 10 years of experience in corporate fi...
A credit score is a three-digit number that financial institutions use to estimate your future credit behavior based on your previous credit habits, according to the Consumer Financial Protection Bureau.As you use your credit card and manage loans, lenders typically report your activity to credit ...
A focus group is a market research method that brings together 6-10 people in a room to provide feedback regarding a product, service, concept, or marketing campaign.
While the US lacks federal-level data privacy laws, government agencies are subject to the Privacy Act of 1974, which governs how federal agencies collect, use, and share PII. Some US states have their own data privacy regulations, most notably California. The California Consumer Privacy Act (...
Many countries have laws that provide some measure of protection for private information. In many countries, for instance, it is illegal for anyone to wiretap a phone without a warrant to do so. Federal laws, such as the United States based Privacy Act of 1974 and the Canada-based Personal...