Which credit protection law requires credit bureaus to maintain an accurate reporting of your credit?A.The Truth in Lending ActB.The Fair Debt Collection Practices ActC.The Fair Credit Reporting ActD.The Equal Credit Opportunity ActSUBMITarrow_backPREVIOUS

A credit report is a detailed record of credit and financial transactions. The information from a credit report is used to calculate a credit score, which is used to determine a borrower’s risk. True False

Column A1.Regulates the collection, dissemination and use of consumer credit information.:Regulates the collection, dissemination and use of consumer credit information.2.A law that sets requirements for billing disputes.:A law that sets requirements for billing disputes.3.Must show how long it will take to pay your balance off if you make only the minimum payment.:Must show how long it will take to pay your balance off if you make only the minimum payment.4.Protects consumers from abusive threats, obscenities, and false and misleading statements to intimidate the consumer into paying are not allowed.:Protects consumers from abusive threats, obscenities, and false and misleading statements to intimidate the consumer into paying are not allowed.5.Cannot be discriminated against based on gender, race, color, age, marital status, religion, and national origin.:Cannot be discriminated against based on gender, race, color, age, marital status, religion, and national origin.Column Ba.Fair Credit Reporting Actb.Fair Debt Collection Practices Actc.Fair Credit Billing Actd.Credit Card Accountability Responsibility and Disclosure Acte.Equal Credit Opportunity Act

Regulation C implements theFair Credit Reporting Act.Truth in Lending Act.Community Reinvestment Act.Home Mortgage Disclosure Act.

Lying to collect a debt is a violation of the:A.Truth in Lending Act.B.Equal Credit Opportunity Act.C.Fair Credit Reporting Act.D.Fair Debt Collection Act.

Who tracks all of your credit information?Question 9Answera.Credit reporting agencies (Equifax, Experian and TransUnion)b.Federal governmentc.Consumer Financial Protection Board (CFPB)d.Lenders