The equal credit opportunity act was created by the Congress to prevent discrimination against women when it came to granting credit. This law was expanded to include laws against discrimination on the basis of race, color, creed, national origin, sex, age or marital status. Apart from including laws and guidelines to prevent discrimination against women Full Article…
Problems with the Equal Credit Opportunity Act
While the Equal Credit Opportunity Act was created to prevent discrimination against women what trying to obtain credit and was later amended to include laws against discrimination based on a person’s race, color, national origin, religion, sex, age and marital status, the problem is that the reason for denial of a credit application can be Full Article…
Main Points of the New Credit Card Rules
The new credit card rules of the Credit Card Act Of 2009 have come into effect on February 22, 2010. These new rules seek to bring about certain changes in the credit card industry and the guidelines under which it functions. The following are the main points and the changes that the new credit card Full Article…
What is The Fair and Accurate Transactions (FACT) Act of 2003
The Fair and Accurate Transactions Act of 2003 is the same law that brought the consumer is the right to a free credit report every year from the three national credit bureaus Experian, Equifax and TransUnion. The FACT act Also Amended the Fair Credit Reporting Act (FCRA) to give the consumer is the means to Full Article…
How to Contact the Federal Trade Commission ( FTC)
Contact Information for the Federal Trade Commission The Federal Trade Commission (FTC) enforces the laws associated with unfair business practices. When your rights under any of the several consumer credit acts have been violated, you should report the violation to the FTC. There are several ways to report violations. To complain about a business e.g. Full Article…