Which consumer credit law prohibits abusive, deceptive, and unfair practices by debt collectors?
A) Fair Credit Billing Act
B) Fair Debt Collection Practices Act
C) Equal Credit Opportunity Act
D) Fair Credit Reporting Act
E) Truth in Lending Act

Question

Quizplus · Accepted Answer

The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive, deceptive, and unfair practices in their attempts to collect debts from consumers. It outlines specific rules and guidelines that debt collectors must follow, such as not calling at unreasonable hours or using harassment or threats to collect payment. The other listed consumer credit laws address different aspects of credit, but do not specifically regulate debt collection practices.

Which Consumer Credit Law Prohibits Abusive, Deceptive, and Unfair Practices