QUESTION IMAGE
Question
select the correct phrase from each box.
complete the statement about consumer protection laws.
the office of the comptroller regulates and supervises domestic and foreign banks operating branches in the united states. this agency enforces the, which requires creditors to give clear and accurate information to consu information includes fees and interest rates.
truth in lending act
fair credit reporting act
credit card accountability, responsibility and disclosure act
To determine the correct act, we analyze the description: the act requires creditors to provide clear and accurate information (including fees and interest rates) to consumers. The Truth in Lending Act is designed to ensure that consumers are informed about the costs of credit, including fees and interest rates, by mandating creditors to disclose such information. The Fair Credit Reporting Act focuses on credit reporting agencies and consumer credit information, while the Credit Card Accountability, Responsibility, and Disclosure Act focuses more on credit card practices. So the correct act is the Truth in Lending Act.
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Truth in Lending Act