Read the statements. Drag and drop each item into the law which most specifically applies to the situation. Each category should contain only three statements. Loan Term. Obscenities. Skip Tracing. Creditor Exemption. Warranties. Credit Cards. Check/Debit Cards. Geographic Limitation. Right to Dispute or Explain. Credit Charges. FCRA TLA Insurance. FDCPA Investigative Reports. Recrediting. FCBA Red Lining. Delinquency Charges. None of the Categories

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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1.
Application of Consumer Protection Laws
A number of laws have been enacted specifically to define the rights of consumers who enter into credit transactions. It is next to impossible to live in modern society without entering into some form of credit transaction so it is
important for the consumer to know and understand their rights. Companies that extend or collect on delinquent credit must also know their obligations to the consumer.
Read the statements. Drag and drop each item into the law which most specifically applies to the
situation. Each category should contain only three statements.
Skip Tracing.
Loan Term.
Warranties.
Credit Cards.
Check/Debit
Cards.
Geographic
Limitation.
Right to Dispute
or Explain.
Credit Charges.
FCRA
Obscenities.
Creditor
Exemption.
TLA
suran
FDCPA
Investigative
Reports.
Recrediting.
FCBA
Red Lining.
Delinquency
Charges.
None of the
Categories
Required information
Transcribed Image Text:1. Application of Consumer Protection Laws A number of laws have been enacted specifically to define the rights of consumers who enter into credit transactions. It is next to impossible to live in modern society without entering into some form of credit transaction so it is important for the consumer to know and understand their rights. Companies that extend or collect on delinquent credit must also know their obligations to the consumer. Read the statements. Drag and drop each item into the law which most specifically applies to the situation. Each category should contain only three statements. Skip Tracing. Loan Term. Warranties. Credit Cards. Check/Debit Cards. Geographic Limitation. Right to Dispute or Explain. Credit Charges. FCRA Obscenities. Creditor Exemption. TLA suran FDCPA Investigative Reports. Recrediting. FCBA Red Lining. Delinquency Charges. None of the Categories Required information
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