Credit and Borrowing Unit Test

Question

19 of 2319 of 23 Items

Question
Which of the following did the CARD Act do that was not part of TILA?(1 point)
Responses

It banned loan officers from steering customers toward loans that were not in the best interest of the borrower.
It banned loan officers from steering customers toward loans that were not in the best interest of the borrower.

It banned credit card companies from raising interest rates after a set amount of time.
It banned credit card companies from raising interest rates after a set amount of time.

It gave borrowers the right to cancel certain loans within three days.
It gave borrowers the right to cancel certain loans within three days.

It banned credit card companies from raising interest rates after missed payments.
It banned credit card companies from raising interest rates after missed payments.

Answer 1

It banned credit card companies from raising interest rates after missed payments.