Banking: Chapter 3, Section 3 (MH)

NCUA

OCC

FTC

SEC

FDIC

As a consumer, there is NO protection for you under the law.

States cannot enact similar laws to protect the rights and privacy of consumers.

As a consumer, you CAN be discriminated against based off your color or gender.

Prohibits the use of race, color, religion, national origin, marital status, age and the receipt of public assistance.

Protects consumers from unfair collection techniques.

Protected credit transactions include

An important role of the Fed is to protect consumers.

ECOA stands for

TILA stands for

Banks are required not only to conform to federal and state laws but also to document their compliance.

The Dodd-Frank Act created the Consumer Financial Protection Bureau.

Under the Equal Credit Opportunity Act, lenders must provide the reasons for the denial of a credit line to consumers.

All information about costs of a loan is provided in writing to consumers as a result of the

Protects the information that credit bureaus, medical companies and tenant screening services may collect.

Which items must be disclosed because of TILA?