Fair Credit Reporting Act

detailing what are you going to use the credit for, how much money will be spent, what’s the interest rate, and how long do I have to pay it back. The sooner you make a payment on your credit bill, the least likely you’ll default on a payment. Defaulting on a credit payment not only hurts your credit score, it also incurs penalties that you have to pay for such as, late fees or your credit score dropping. Lenders are least likely to lend you if you have a turbulent credit history full of missed payments

February 15, 2016 The Federal Trade Commission Research The Federal trade commission or called the FTC was created in 1914. The Federal Trade Commission Act is the act that started this commission and its purpose was to prevent unfair methods of competition in commerce as a part of the battle to “bust the trusts.” They also did this act to enhance the informed consumer choice and public understanding of this competitive process; and another reason was to accomplish this without the unduly burdening

Credit allows consumers to finance transactions without having to pay the full cost of the merchandise at the time of the purchase. A common form of consumer credit is a credit card account issued by a financial institution. Merchants may also provide financing for products which they sell. Banks may directly finance purchases through loans and mortgages. Consumers imperatively rely on credit, so it is necessary that credit laws help protect the consumer. I will discuss some of the major credit laws

inform the later discussion of pre- and post-Iqbal 1681c(g) case law. A. The Fair and Accurate Credit Transactions Act Congress passed FACTA on December 4, 2003, amending the Fair Credit Reporting Act (the “FCRA”). FACTA was intended to address identity theft by, among other provisions, requiring lenders to identify and respond to possible indications of identity theft, giving consumers greater control over their credit history and information, and establishing the rights

assume that bad credit means that you will have to get credit cards after plunking down a significant amount of cash to do so. Did you know it’s possible to get bad credit credit cards, no deposit required? While it may be harder to get credit cards, the truth of the matter is that it is not impossible to do, even if you have a credit score of only 500. Here’s several routes that one can take in order to get the most out of their bad credit, improve their credit, and even score a credit card or two in

The Problem with Technology The problem is that utilizing technology based recruiting (including Social Networking Sites and Applicant Tracking Software) for selection of candidates may result in a detrimental fit between employee and organization. When considering organizational fit; “The concept Person-Organization Fit (POF) deals with the congruence between the employee’s own personal values and the values of the organization, according to the employee’s perception” (Farooqui & Nagendra, 2014

a financial institution. We collect credit information, originate loans, and act on behalf of lenders. This

get your credit score, best free credit report If you are trying to build your credit score or you are just tracking or monitoring your credit, it can be helpful to know how to get your credit score or where to get the best free credit report. This way, you can see exactly what is going on with your credit so you can address issues that need to be taken care of and you can watch how your efforts affect your score. In many cases, consumers don’t always really know what’s on their credit report until

he Gramm-Leach-Bliley Act, which is implemented by Regulation P, requires credit unions to provide their members with initial and annual privacy notices that inform members about the sharing of nonpublic personal information with third parties. The notices required by Regulation P must be clear and conspicuous, and disclose, in detail, the institution 's privacy policies. In addition to the annual privacy notice, credit unions are also required to inform members of their right to opt-out of the sharing

* Social media popularity is growing in today’s society, from the spectrum of young age groups to older generations. In response to this, a number of employers are searching through the Internet to look future employees on their different social media accounts. Employers are required to follow certain rules when using social media to help prevent discrimination. Discrimination can be committed consciously or unconsciously, but regardless of which one, it can create major legal issues in the workplace