The correct answers are:
- Protect borrowers from predatory acts by lenders
- Clarify the language used in applications
Which of the following were the goals of TILA and the CARD Act? Select the two correct answers.(1 point) Responses limit the profit of credit card companies limit the profit of credit card companies protect lenders from the borrowers defaulting or refusing to pay protect lenders from the borrowers defaulting or refusing to pay protect borrowers from predatory acts by lenders protect borrowers from predatory acts by lenders redistribute the profit of credit card companies back to their customers redistribute the profit of credit card companies back to their customers clarify the language used in applications
1 answer
1 answer