____________________________ authorizes the Federal Reserve Board to 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 prohibit unfair or deceptive acts or practices by banks and issue regulations to prevent them. The other options (Truth in Lending Act, Equal Credit Opportunity Act, Fair Credit Billing Act) do not specifically address the authority of the Federal Reserve Board to regulate unfair or deceptive practices by banks.

____________________________ Authorizes the Federal Reserve Board to Unfair or Deceptive