____________________________ authorizes the Federal Reserve Board to identify unfair or deceptive acts or practices on the part of banks and to issue regulations to prohibit them.
A) Truth in Lending Act
B) Equal Credit Opportunity Act
C) Federal Trade Commission Improvement Act
D) Fair Credit Billing Act

Question

Quizplus · Accepted Answer

The Federal Trade Commission Improvement Act authorizes the Federal Reserve Board to identify unfair or deceptive acts or practices on the part of banks and to issue regulations to prohibit them. The Truth in Lending Act requires disclosure of credit terms and costs, the Equal Credit Opportunity Act prohibits discrimination in credit, and the Fair Credit Billing Act establishes procedures for resolving billing disputes.

____________________________ Authorizes the Federal Reserve Board to Identify Unfair or Deceptive