Which of the following places new restrictions on credit card lending and eliminates certain fees?
A)Fair Credit Reporting Act
B)Credit Card Accountability, Responsibility, and Disclosure Act
C)Truth in Lending Act
D)Equal Credit Opportunity Act
E)Fair Credit Billing Act

Question

Quizplus · Accepted Answer

The Credit Card Accountability, Responsibility, and Disclosure Act is commonly known as the Credit CARD Act. It placed new restrictions on credit card lending and eliminated certain fees, such as retroactive rate increases and over-limit fees.

Which of the Following Places New Restrictions on Credit Card