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Consumer Credit Protection ActFederal law that limits the amount that may be withheld from earnings to satisfy child support obligations and other garnishments. State or tribal law may further limit the amount that can be withheld from a person’s paycheck. Question: Prior to the Consumer Credit Protection Act, why do you think employers chose to discharge employees because o Prior to the Consumer Credit Protection Act, why do you think employers chose to discharge employees because of garnishment?
Question: What part of the consumer protection act discusses credit card debt?
Question: Lesson Plan ideas for teaching Consumer Protection - legislation and agencies? I need to gear this toward 9th and 10th graders. I will also need to complete a 2 week unit plan on the subject so the lesson plan needs to actually be about only one of the subtopics, but it can be any one that I choose. (Fair Credit Reporting Act, Fair Crdeit Bililng Act, Equal Credit Opportunity Act, Fair Credit Collection Practices, Consumer Credit Protection Act, Federal Trade Commission Act, Consumer Product Safety Act, or Consumer Leasing Act) Any help is greatly appreciated!
Question: Do you think The Equal Credit Opportunity Act should be abrogated ? The Equal Credit Opportunity Act [ECOA], 15 U.S.C. 1691 et seq. prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, because an applicant receives income from a public assistance program, or because an applicant has in good faith exercised any right under the Consumer Credit Protection Act.
http://www.usdoj.gov/crt/housing/housing_ecoa.htm
Question: 5. Explain the purposes of the following consumer-protection laws:? a.The Federal Trade Commission Act of 1914
b.Wheeler-Lea Act of 1938
c.The Federal Food, Drug, and Cosmetic Act of 1938
d.The National Traffic and Safety Act of 1958
e.The Fair Packaging and Labeling Act of 1967
f.The Consumer Credit Protection Act of 1968
g.The Consumer Product Safety Act of 1972
h.The Magnuson-Moss Warranty Act of 1975
Question: Does the 'Telephone Consumer Protection Act' cover junk mail issues? In other words, can a consumer sue a junk mailer (be it a bank, credit card company etc...) under the 'Telephone Consumer Protection Act'?
Question: Did Credit Card Company's raise interest rates after Politicians passed Consumer Financial Reform Protection? seems the interest rates being quoted on credit cards are no longer at 7-12 percent but have gone up to 23-26 percent. What gives? I thought the Consumer Financial Protection Act was supposed to make things better for the Consumer?
Question: Has anyone suffered Consumer Rights Violations from a Bank? Has anyone had or suspect they have had their Consumer Rights Violated by any Bank in Alabama or Florida? Namely,First Gulf Bank!! Or perhaps any Bank controlled by the Holding Company Alabama National BanCorporation. Violations may include, Failure to comply with Federal Regulation and Codes such as The Truth in Lending Act, The Fair Credit Reporting Act, The Consumer Credit Protection Act or others as Regulated by the Federal Trade Commission. Please advise if you have. I have and I suspect MANY others have as well.
Question: Does anyone have experience of how much protection you have from a credit card when booking a package holiday? Obviously the cost needs to be over £100 (and less than £30K!!)...the consumer credit act gives information about purchases, but when it comes to holidays, things are less easy to understand. Most tour operators I'm looking at say that your credit card insurance is usually 'not sufficient' - I'm inclined to think this is so they can sell you their insurance, but are they referring to the statutory protection on your card or additional insurance? Also, if anyone could offer information on common pitfalls with holiday insurance, and catch-you-out exclusions, nasty surprises, etc, I would be much obliged! This is a for a winter sun soliday with no sports or business purpose. Thanks!
Question: In Canada, what are general consumer rights to have fraudulent credit card charges reversed? A relative of mine who lives in Ontario, Canada was scammed during the last year. I'm reading the Consumer Protection Act, 2002, and am confused by Part IX, which says it doesn't apply to remedies in respect to unfair practices in Part III. But Part III seems to apply.
Also, how can I research case law in Canada to know how the law is applies?
Question: Which of the following agencies enforces the Fair Housing Act? A-The FBI
B-The Federal Trade Commission
C-The Department of Housing and Urban Development
D-The Department of the Interior
#1
The Gramm-Leach-Bliley Act deals with consumer affairs issues
True
False
#2
What is the name of the state agency that usually enforces consumer credit laws?
#3
What is an example of credit?
A-A Bank of America ATM card
B-A Wachovia Bank debit card
C-A Banana Republic store charge card
D- A PNC Bank check
#4
Which of the following prohibits discrimination when issuing credit to consumers?
A-Fair Housing Act
B-Civil Liberties Act
C-Equal Credit Opportunity Act
D-Gramm-Leach-Bliley Act
#5
Which of the following was enacted to protect the accuracy and privacy of consumer credit information?
A-Fair Credit Reporting Act
B-Fair Housing Act
C-Gramm-Leach-Bliley Act
D-Equal Credit Opportunity Act
#6
Sandra buys a new couch from Sofa Quick. She wants to take advantage of the 12 months same as cash program, but the store denies her credit because she is a woman.
True or false: Sofa Quick has violated the Fair Credit Reporting Act.
True or false
#7
Simone applies for a mortgage loan from National City Bank. National City Bank's description of the various charges and penalties that are part of the mortgage are so confusing that she unable to determine whether the loan offered by National City is better or worse than other banks.
True or false: National City has violated the Consumer Credit Protection Act.
True or false
#8
Overdraft protection is a(n) __________.
A-check
B-agreement of the bank to cover checks that are written when there are insufficient funds in the account
C-ATM card
D-agreement of the bank customer to ensure that there are sufficient funds in the bank account before writing a check
please help
Question: Dell won't let me cancel my credit card. Legal help? I have had a Dell Preferred Account (Credit Card) for about 3 years and I have always paid the balance and never missed a payment. I have a $4000 credit line. In March, I tried to place an order with the account and it was denied. I called them up initially trying to get the account working. But after multiple runarounds, I just want the account closed. I have called about 5 times, every time escalating it to a manager. They always tell me that the account verification failed and there is nothing I can do to verify it. It's been three months.
Is it legal for Dell to keep my account indefinitely open with no way to access it or close it. I looked at Consumer Credit Protection Act a little bit but have no idea where to go. Even if it is legal, what's the best way to go about canceling. Every phone call is an hour and half the time they hang up on me.
The reason I want it is because it counts as a revolving account and I already have enough of those. :) Thanks for the help!
Question: Consumer laws? Business hw? Sales of goods act – what happens when a product faults i.e. refund/exchange
Consumer protection act –if the protect causes damage/harm i.e. personal injury.
Consumer credit act- £100-£30,000 can be returned if the company goes bust and you don’t get the product or it breaks within 13 months, only available on credit cards.
Supply of goods and services act – same as goods – must be satisfactory quality.
Distance selling regulations – must give a refund etc.
Data protection act - The Data Protection Act requires anyone who handles personal information to comply with a number of important principles. It also gives individuals rights over their personal information.
that's all i have so far but i need a few more for tomorrow i just can't find any. can anyone think of any other consumer laws or laws to do with businesses? just a few simple ones, or a few dozen. ANY are appreciated!
Question: Does using a Visa debit card afford you the same protection as a Visa credit card? Many years ago I got myself into some trouble through abusing credit cards. I then decided they were spawn of the devil and made the decision to never have one again.
I'm now looking at making a couple of significant purchases soon and the appeal of the added protection from using a credit card is quite attractive.
I understand that generally debit cards wouldn't offer this protection as it's the consumer credit act that obliges credit cards to provide it and that doesn't apply to debit cards as there is no credit involved.
However I have been told that Visa extend this to there debit card customers too, I'm not too sure how true this is though. What research I've tried to do has been encouraging but it's one thing being reassured but something completely different when you try to make a claim...
Does anyone have any knowledge/experience of this?
Thanks in advance.
Question: Are there any consumer protection acts that could protect me from being incorrectly billed while renting? I rent from a large entity. They sent me a refund of $50 in error. They added this amount amount to my bill. I never paid the amount and told them I dispute it. They ignored my requests and charged me a late fee each month. They say someone cashed the check, and it is my responsibility to find out who cashed it. When asked, they said they didn't know how I could find out. I asked for a copy of the cashed check, and was told they had it and would get it to me, When they could. They said they will evict me if I would pay. (And are refusing to cash any checks that are not for the full amount.
Yes, I can open a case at small claims court. But Are there any consumer protection acts that might help me? I Looked at the FCBA, but that is for open credit lines. The FDCPA is mainly for bill collectors, and I don't think this company will meet the requirements.
Any ideas?
State: KY
I never received or cashed the check.
Rebecca: Failure to pay rental payments can only possibly effect your credit score if you get a judgement against you. Which is clearly unlikely from the stated information. Furthermore, Even if it did, I'm not sure it would convice me to pay money, I do not in any way owe.
Question: Do you agree with the theory that George W. Bush is responsible for the current economic crisis? Do you agree with this:
BUSH ADMINISTRATION responsible for 2008 FINANCIAL CRISIS
--------------------------------------------------------------------------------
I see a lot of politicians and forum members pointing fingers at who was responsible for the 2008 Financial Crisis we are currently experiencing.
The answer is really simple.
THE BUSH ADMINSTRATION!
Bush selected the Board of Governors at the Federal Reserve.
The Federal Reserve Governors are responsible for Banking Oversight.
The below quotes are found here:
Federal Reserve System - Wikipedia, the free encyclopedia
Quote:
Private banks elect members of the board of directors at their regional Federal Reserve Bank while the members of the Board of Governors are selected by the President of the United States and confirmed by the Senate.
Quote:
The Board of Governors is the part of the Federal Reserve System that is responsible for supervising the private banks. A general description of the types of regulation and supervision involved is given by the Federal Reserve:[11]
The Board also plays a major role in the supervision and regulation of the U.S. banking system. It has supervisory responsibilities for state-chartered banks that are members of the Federal Reserve System, bank holding companies (companies that control banks), the foreign activities of member banks, the U.S. activities of foreign banks, and Edge Act and agreement corporations (limited-purpose institutions that engage in a foreign banking business). The Board and, under delegated authority, the Federal Reserve Banks, supervise approximately 900 state member banks and 5,000 bank holding companies. Other federal agencies also serve as the primary federal supervisors of commercial banks; the Office of the Comptroller of the Currency supervises national banks, and the Federal Deposit Insurance Corporation supervises state banks that are not members of the Federal Reserve System. Some regulations issued by the Board apply to the entire banking industry, whereas others apply only to member banks, that is, state banks that have chosen to join the Federal Reserve System and national banks, which by law must be members of the System. The Board also issues regulations to carry out major federal laws governing consumer credit protection, such as the Truth in Lending, Equal Credit Opportunity, and Home Mortgage Disclosure Acts. Many of these consumer protection regulations apply to various lenders outside the banking industry as well as to banks. Members of the Board of Governors are in continual contact with other policy makers in government. They frequently testify before congressional committees on the economy, monetary policy, banking supervision and regulation, consumer credit protection, financial markets, and other matters. The Board has regular contact with members of the President’s Council of Economic Advisers and other key economic officials. The Chairman also meets from time to time with the President of the United States and has regular meetings with the Secretary of the Treasury. The Chairman has formal responsibilities in the international arena as well.
Quote:
Preventing asset bubbles
The board of directors of each Federal Reserve Bank District also have regulatory and supervisory responsibilities. For example, a member bank (private bank) is not permitted to give out too many loans to people who cannot pay them back. This is because too many defaults on loans will lead to a bank run. If the board of directors has judged that a member bank is performing or behaving poorly, it will report this to the Board of Governors. This policy is described in United States Code, Title 12, Chapter 3, subchapter 7, section 301:[23]
Each Federal reserve bank shall keep itself informed of the general character and amount of the loans and investments of its member banks with a view to ascertaining whether undue use is being made of bank credit for the speculative carrying of or trading in securities, real estate, or commodities, or for any other purpose inconsistent with the maintenance of sound credit conditions; and, in determining whether to grant or refuse advances, rediscounts, or other credit accommodations, the Federal reserve bank shall give consideration to such information. The chairman of the Federal reserve bank shall report to the Board of Governors of the Federal Reserve System any such undue use of bank credit by any member bank, together with his recommendation. Whenever, in the judgment of the Board of Governors of the Federal Reserve System, any member bank is making such undue use of bank credit, the Board may, in its discretion, after reasonable notice and an opportunity for a hearing, suspend such bank from the use of the credit facilities of the Federal Reserve System and may terminate such suspension or may renew it from time to time.
To me, it looks like the oversight LAWS WERE IN PLACE, and the Federal Reserve Governo
If Bush hadn't let gas prices get so out of hand we would all have $300-$500 more to spend each month to stimulate the economy.
You guys are blaming Clinton? He left us with a surplus. Bush will leave us with the biggest deficit we've ever seen. Bush spent all our money and robbed us blind at the pump.
Question: What are these legislations? What are these legislations?
Consumer Credit Act 1987
Consumer Protection 1987
Sales of Goods Acts 1979, 1994 and 1995
Supply of Goods and Services Act 1982
Trade Descriptions Act 1968
Consumer Protection (Distance Selling) (Amendment) Regulations 2005
Question: Do you pay for things using your spouse's credit card? Do you use each other's credit cards when paying for goods or services to benefit from the protection offered by S75 Consumer Credit Act 1974? My husband and I were buying something and I paid for it using my credit card (in my sole name) but my husband signed the reservation agreement. The supplier ceased trading so we looked to my credit card company for reimbursement under S75 but they are now saying that there is no "debtor-creditor-supplier" relationship as the payment was made on my creidt card but the goods/services were being supplied to my husband. As we are married we thought nothing of it. I just wanted to know whether in the "real world" people think of such things when paying with credit cards. Anyone else had similar experiences?
Question: Why so many extreme positions/hate here, when in reality Obama governs as a Moderate? Is it mainly due to the prolonged recession/job losses that was in the making for a couple of years?
Actually, I think Obama is doing a pretty good job.
Much of the legislation passed has really been fairly Moderate if you're honest about it and look at the legislation.
Some accomplishments:
==================
The beginning of needed Health Care Reform legislation that's been attempted by others for over 20 years;
Reinforcement of troops in Afghanistan, double the number Bush put there due to myopic focus on Iraq;
Extension of Patriot Act, in response to Terrorist threats in this country;
Credit Card consumer protection act;
New Financial Reform legislation - ignored by GOP for 15 years;
Immigration and New Energy reform likely to be next…
How is this type of legislation so RADICAL?
Question: What radical legislation has the Obama administration passed these past 18 months? It seems much of the legislation passed has been fairly Moderate. Most negative comments here are confusing once you look at the legislation.
Some accomplishments:
==================
The beginning of needed Health Care Reform legislation that's been attempted by others for over 20 years;
Reinforcement of troops in Afghanistan (I don’t necessarily agree, but it was the right decision which shows his logic/leadership). Also, new troops are double the number Bush put there due to myopic focus on Iraq;
Extension of Patriot Act, in response to Terrorist threats in this country. We seem to be disrupting more threats in advance of the attack, now;
Credit Card consumer protection act;
New Financial Reform legislation - ignored by GOP for 15 years;
Immigration and New Energy reform likely to be next…
Any REAL answers with content, or just typical GOP hate speech?
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