Which of the following federal consumer credit laws requires creditors to promptly credit customers' accounts and to return overpayments if requested?
A)Fair Credit Reporting Act
B)Truth in Lending Act
C)Equal Credit Opportunity Act
D)Fair Credit Billing Act
E)Consumer Credit Reporting Reform Act

Question

Quizplus · Accepted Answer

The Fair Credit Billing Act requires creditors to promptly credit customers' accounts and to return overpayments upon request. This law is designed to protect consumers from unfair billing practices.

Which of the Following Federal Consumer Credit Laws Requires Creditors