hey can someone elxplain to me the consumer rights under the following laws?
Mike F asked:
truth in lending act
fair credit reporting act
equal credit oppurtunity act
fair credit billing act
electronic fund transfer act
and the fair debt collection practices act
try to make it easily understandable thanks alot!
i just need basic answers (ex: for equal credit opp act you could say credit cant dicrimate against race, age, maratial status, etc.)
ps i found that one out i dont know the others
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Filed Under Credit |
Tagged With Fair Debt Collection Practices, Hey, Truth In Lending
Comments
3 Responses to “hey can someone elxplain to me the consumer rights under the following laws?”
That is far too much to try and answer in simple sentences.
Here are some links to read these laws
This link covers the following:
SUBCHAPTER I–CONSUMER CREDIT COST DISCLOSURE
SUBCHAPTER II–RESTRICTIONS ON GARNISHMENT
SUBCHAPTER II-A–CREDIT REPAIR ORGANIZATIONS
SUBCHAPTER III–CREDIT REPORTING AGENCIES
SUBCHAPTER IV–EQUAL CREDIT OPPORTUNITY
SUBCHAPTER V–DEBT COLLECTION PRACTICES
SUBCHAPTER VI–ELECTRONIC FUND TRANSFERS
Hope this helps.
Each one is for too complicated to explain on here. But very basically all contracts should be see to be fair without any hidden charges.
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