Give Yourself Credit: (guide to Consumer Credit Laws)
United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage
U.S. Government Printing Office, 1992 - Consumer credit - 230 pages
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action actual added additional agency agreement allow amended amount annual percentage rate application authorized balance bank billing Board chapter collection computing consider consumer consumer credit consumer reporting consumer's contained cost court credit bureau credit card credit report creditor damages debt collector deposit determined disclosed disclosure effective date enforcement error extended Federal fees finance charge financial institution forms fund transfer give imposed income interest lease lender liability limit loan means ment method monthly months mortgage notice notify obligations obtain offer payment period person prior purchase reasonable receive referred regulations relating request respect responsible savings specific spouse Stat statement subchapter subsection term tion transaction violation writing written
Page 160 - It is the purpose of this title to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit, personnel, insurance, and other information in a manner which is fair and equitable to the consumer, with regard to the confidentiality, accuracy, relevancy, and proper utilization of such information in accordance with the requirements of this title.
Page 101 - The Congress finds that economic stabilization would be enhanced and the competition among the various financial institutions and other firms engaged in the extension of consumer credit would be strengthened by the informed use of credit. The informed use of credit results from an awareness of the cost thereof by consumers. It is the purpose of this title to assure a meaningful disclosure of credit terms so that the consumer will be able to compare more readily the various credit terms available...
Page 111 - Currency; (B) Member banks of the Federal Reserve System (other than national banks), by the...
Page 185 - ... (2) in the case of any successful action to enforce the foregoing liability, the costs of the action together with a reasonable attorney's fee as determined by the court.
Page 178 - State government or unit of general local government is engaged in a pattern or practice in violation of the provisions of this section, the Attorney General may bring a civil action in any appropriate United States district court for such relief as may be appropriate, including injunctive relief.
Page 157 - Board shall by regulation exempt from the requirements of this chapter any class of credit transactions within any State if it determines that under the law of that State that class of transactions is subject to requirements substantially similar to those imposed under this chapter or that such law gives greater protection to the consumer, and that there is adequate provision for enforcement.
Page 171 - ... any report in which a person who has been requested by a third party to make a specific extension of credit directly or indirectly to a consumer conveys his decision with respect to such request, if the third party advises the consumer of the name and address of the person to whom the request was made and such person makes the disclosures to the consumer required under any applicable federal or state law or regulation.
Page 166 - Whenever credit or insurance for personal, family, or household purposes, or employment involving a consumer is denied or the charge for such credit or insurance is increased either wholly or partly because of information contained in a consumer report Pt.
Page 190 - These regulations may contain such classifications, differentiations, or other provisions, and may provide for such adjustments and exceptions for any class of transactions, as in the judgment of the Board are necessary or proper to effectuate the purposes of this title, to prevent circumvention or evasion thereof, or to facilitate compliance therewith.