Summary Assignment: Consumer Protection Acts (PLG1)
In a 1-2 page paper, evaluate two of the following consumer protection acts:
• The Truth in Lending Act
• Fair Credit Reporting Act
• Fair Credit Billing Act
• Fair Debt Collection Practices Act
In your evaluation, answer the following questions using Internet research to support your responses:
• Can this law be improved?
• If so, how would you improve it?
• What are some key points that you found interesting and can be used in a business environment?
Review Questions (PLG1)
Each module has a set of review questions to assist you in learning the materials and help you prepare for the final exam.
Spend quality time responding to the following questions in your own words.
Describe Electronic Funds Transfer (EFT) and identify the four types of EFT systems.
Explain a bank's liability for forged checks.
Describe the point of sale system and disclosure requirements.
Describe secured transactions and their importance to the business environment.
Provide your answers in a document and submit. Citations and references must be in current APA format. (Links to an external site.)