MatchingFederal Debt Collection Practice Act (FDCPA)Federal Credit Billing Act (FCBA)Federal Trade Commission (FTC)Equal Credit Opportunity Act (ECOA)Federal Credit Reporting Act (FCRA)[Choose ][Choose ][Choose ][Choose ][Choose ]prohibits credit discrimination on basis of sex, race, marital status, religion, national origin, age or receipt of public assistancepromotes the accuracy and privacy of information in the files of the nations credit reporting companiesenforces the credit laws that protect your right to get, use and maintain credit.establish procedures for resolving mistakes on credit bills and electronic fund account statementapplies to personal, family and household debts; prohibits debts collectors from engaging in unfair, deceptive or abusive practices

The financial industry is governed by several federal laws that aim to protect consumers' rights and…

Answered: Matching Federal Debt Collection…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

What are the pros and cons of U.S. savings bonds? What are some of the problems that individuals might face if they use one of the “problematic” financial institutions? What are some of the consumer protections available? What can individuals do to protect themselves? What are some of the advantages and disadvantages of choosing a federally-insured account? What are some considerations in choosing a financial institution?
Explain why some financial institutions prefer to provide credit in financial markets ouside their own country.
2. There are six laws that regulate consumer credit in the United States. The one thatprotects credit card holders if their card is lost or stolen is ______________.a. Fair Credit Reporting Actb. Equal Credit Opportunity Actc. Truth-in-Lending Actd. Fair Credit Billing Act
Which of the following is wrong? * Foreign and domestic banks may have an EFCDU. A non-profit hospital is an exempt corporation taxable only on income from unrelated activities. All cooperatives, regardless of classification, are subject to income tax on their income from unrelated activities. None of the above.
Which of the following was part of the U.S. government’s response to the credit crisis? a) Troubled Asset Relief Program (TARP) b) Housing and Economic Recovery Act c) Homeowners’ Mortgage Guarantee Act d) Troubled Asset Relief Program (TARP) AND Housing and Economic Recovery Act
“The debt of government-owned corporation is guaranteed by the full faith and credit of the U.S. government, but that is not the case for the debt of government-sponsored enterprises”. This statement is: A. True B. False C. Could be True
Which of the following accounts has special tax advantages under certain conditions when used to fund qualified college education expenses? Group of answer choices certificate of deposit money market mutual fund U.S. Treasury bill US EE savings bonds
explain why some financial institutions prefer to provide credit in financial institutions outside their own country
Compared to Basel II, Basel III capital adequacy regulation ______________. A. makes the weight of banks’ assets more credit risk sensitive B. imposes a higher total capital minimum ratio C. imposes a higher common equity Tier I capital minimum ratio D. is less reliant on credit rating agencies E. makes the weight of banks' assets less credit risk sensitive
Which of the following interest income derived within the Philippines is subject to basic incometax? a. Interest income from bank depositsb. Interest income from loans c. Interest income from deposit substitutesd. Interest income from trust funds
14) When examining revenue transactions, which of the following transactions is classified as an exchange transaction? A) When a homeowner pays property taxes B) When a university receives a federal grant that mandates a certain type of research activity C) When an aquatic center receives cash for a group swim D) When an employer deducts money for state tax withholding
Recommendations on how government accounting may be improved in Barbados.Recommendations on how debt-management may be improved in Barbados.

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