As the consumer credit industry has developed so, too, possess the legal guidelines to shield the customer. 2 significant federal laws applied with the Federal Trade Commission defend your privileges:
The Fair Credit Billing Act set up methods in order to fixing billing mistakes on credit cards.
The Fair Credit Reporting Act provides customers the justice to know very well what knowledge is being outlined to credit offices. The federal government recognized it to guard the buyer’s right to privacy of credit-connected knowledge, how this kind of knowledge is brought together, and the way it will be outlined. The act provides customers the right to get at their particular credit reports and check-over the knowledge.
For the full description from the Fair Credit Billing and Reporting Acts, get in touch with the Federal Trade Commission at sixth & Pennsylvania Street, NW, Washington.
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