The purpose of the Fair Credit Reporting Act is to...
prohibit discrimination in granting credit
regulate the consumer credit reporting industry
regulate consumer credit billing practices
require disclosure of terms
The purpose of the Fair Credit Reporting Act is to...
*regulate the consumer credit reporting industry
Explanation:
It is a federal law that governs how a credit reporting agency handles credit information of persons that comes to them in the process of their functioning.
The purpose of the Fair Credit Reporting Act is to... prohibit discrimination in granting credit regulate the consumer c...
What is the purpose of the Age Discrimination in Employment Act (ADEA)? a. To prohibit discrimination on the basis of age in the employment practices of employer b. To provide protection only for workers under the age of 18 c. Both of these choices are correct. d. Neither of these choices is correct.
Consumer credit laws have been implemented over the years to protect consumers against creditor abuses. Match the following consumer credit issues with the appropriate consumer credit law: a. Controls debt collection procedures and practice. b. Prohibits credit discrimination because of race, age, or national origin. c. Establishes the APR and requires the disclosure of all credit-related costs. d. Requires credit contracts to be written in plain English. e. Requires a "rejection letter" or written explanation of any adverse action taken....
What obligations are imposed upon the employer by the Fair Credit Reporting Act of 1968? a. They must disclose to the job applicant that they are seeking an investigative report. b. They must seek an investigative report on all prospective employees. c. If employment is denied because of the facts on the investigative report, the employer does not have to inform the applicant. d. None of these choices are correct.
Law Brief Write Up. Fair Credit Reporting Act. Answer the following questions Coverage and Prohibition/Requirement Tell who is covered by the law and what the law prohibits/requires/when passed Enforcement/Remedies - Site which government agency(s) have primary responsibility for enforcement. Explain what can happen when an organization guilty/not in compliance Case Law - List two major court cases that are centered on this law. Impact - Why is this law important and what are the current thoughts/concerns about this law? What...
I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this paper and some conclusions and contributes of this paper. I need this for my Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS PLEASE !!!) Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...
And there was a buy-sell arrangement which laid out the conditions under which either shareholder could buy out the other. Paul knew that this offer would strengthen his financial picture…but did he really want a partner?It was going to be a long night. read the case study above and answer this question what would you do if you were Paul with regards to financing, and why? ntroductloh Paul McTaggart sat at his desk. Behind him, the computer screen flickered with...
Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant “E,” slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm laid off 4,000...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...