Answered

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Looking at her report, Jennifer realizes that her bank raised the rate on her last
balance. Which federal legislation can she refer to in order to challenge her
bank?
O The Fair Debt Collection Practices Act
O The Fair Credit Reporting Act
O The Credit Card Accountability Responsibility and Disclosure Act
O The Truth in Lending Act

Sagot :

Answer:

The Credit Card Accountability Responsibility and Disclosure Act

Explanation:

Gauravsingh23VTidn

The Credit Card Accountability Responsibility and Disclosure Act is the federal legislation can she refer to in order to challenge her bank. Hence, option C is correct.

What is Credit Card Accountability Responsibility and Disclosure Act?

A consumer protection law called the Credit Card Accountability Responsibility and Disclosure Act of 2009 was passed to protect consumers from unethical business activities by credit card issuers. The terms and conditions of credit cards must be more transparent, and the fees and interest rates that can be charged on particular purchases must be kept to a minimum.

The Credit Card Accountability, Responsibility, and Disclosure Act of 2009 seeks to prohibit the use of unfair and abusive business practices by credit card issuers. The CARD Act mandates that all credit card issuers employ clear and uniform language.

Thus, option C is correct.

For more details about Credit Card Accountability Responsibility and Disclosure Act, click here:

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