Experian, Equifax, and TransUnion are?(1 point)

Question

Responses

State statutes in place to protect consumers
State statutes in place to protect consumers

Members of the Food, Drug, and Cosmetic Act
Members of the Food, Drug, and Cosmetic Act

Major credit reporting agencies
Major credit reporting agencies

Fair debt collectors
Fair debt collectors
Question 2
Which act limits when debt collectors can call consumers(1 point)
Responses

TILA
TILA

FTC
FTC

FCRA
FCRA

FDCPA
FDCPA
Question 3
Which Act allows citizens to obtain a free credit report each year?(1 point)
Responses

FCRA
FCRA

FTC
FTC

FICA
FICA

TILA
TILA
Question 4
Which act enforces antitrust statutes and promotes consumer protection?(1 point)
Responses

FICA
FICA

FTC
FTC

TILA
TILA

ASPCA
ASPCA
Question 5
Which act requires banks to disclose all of the costs of a loan?(1 point)
Responses

FCC
FCC

RESPA
RESPA

TILA
TILA

FDCPA
FDCPA
Question 6
Which act prohibits kickbacks between constructions companies, mortgage brokers, real estate agents, and lenders?(1 point)
Responses

RESPA
RESPA

FDIC
FDIC

TILA
TILA

HIPPA
HIPPA
Question 7
Which act protects personal information in regards to medical records?(1 point)
Responses

HIPPA
HIPPA

RESPA
RESPA

HIPPO
HIPPO

FDIC
FDIC
Question 8
Which act requires a credit card company to promptly and appropriately handle billing mistakes?(1 point)
Responses

Credit Card Accountability, Responsibility, and Disclosure Act
Credit Card Accountability, Responsibility, and Disclosure Act

Fair Credit Billing Act
Fair Credit Billing Act

Do Not Call Implementation Act of 2003
Do Not Call Implementation Act of 2003

Equal Credit Opportunity Act
Equal Credit Opportunity Act
Question 9
Which act forbids a lender from refusing credit due to characteristics such as race, religion, and age?(1 point)
Responses

Fair Credit Billing Act
Fair Credit Billing Act

Equal Credit Opportunity Act
Equal Credit Opportunity Act

HIPPA
HIPPA

FDA
FDA
Question 10
Which act prohibits landlords from discriminating against potential renters on the basis of race, religion, etc?(1 point)
Responses

Fair housing act
Fair housing act

Equal Credit opportunity Act
Equal Credit opportunity Act

Credit Card Accountability, Responsibility, and disclosure Act
Credit Card Accountability, Responsibility, and disclosure Act

FDA
FDA

Answer 1

Here are the correct answers for each question:

Question 1: Experian, Equifax, and TransUnion are?
Answer: Major credit reporting agencies

Question 2: Which act limits when debt collectors can call consumers?
Answer: FDCPA (Fair Debt Collection Practices Act)

Question 3: Which Act allows citizens to obtain a free credit report each year?
Answer: FCRA (Fair Credit Reporting Act)

Question 4: Which act enforces antitrust statutes and promotes consumer protection?
Answer: FTC (Federal Trade Commission Act)

Question 5: Which act requires banks to disclose all of the costs of a loan?
Answer: TILA (Truth in Lending Act)

Question 6: Which act prohibits kickbacks between construction companies, mortgage brokers, real estate agents, and lenders?
Answer: RESPA (Real Estate Settlement Procedures Act)

Question 7: Which act protects personal information in regards to medical records?
Answer: HIPAA (Health Insurance Portability and Accountability Act)

Question 8: Which act requires a credit card company to promptly and appropriately handle billing mistakes?
Answer: Fair Credit Billing Act

Question 9: Which act forbids a lender from refusing credit due to characteristics such as race, religion, and age?
Answer: Equal Credit Opportunity Act

Question 10: Which act prohibits landlords from discriminating against potential renters on the basis of race, religion, etc?
Answer: Fair Housing Act