Question

What is the Federal Truth in Lending Act?

a.
A law that protects you from having to pay for fraudulent charges on your credit card
c.
A law that protects lenders from losses related to theft and fraud.
b.
A law that requires you to provide honest answers to a credit card companies inquiries.
d.
A law that requires you to create a list of all your credit card account numbers and bring them with you when you travel.

Answer 1

Answer: The Truth in Lending Act (TILA) protects you against inaccurate and unfair credit billing and credit card practices.

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