Author Question: Which of the following statements is true of the Dodd-Frank Act? A) It requires issuers to give a ... (Read 61 times)

B · **on:** Jul 14, 2018

Which of the following statements is true of the Dodd-Frank Act?
A) It requires issuers to give a 45-day notice before making significant changes to credit agreements.
B) It requires lenders, insurance companies, and others who reject your application to provide you with a free copy of your credit score.
C) It requires anyone under the age of 21 who applies for a credit card to either verify proof of income or have an older adult cosign the application.
D) It created the Federal Financial Institutions Examination Council (FFIEC).

Question 2

Much consumer-oriented legislation has grown out of the statement of six rights, which became known as the Consumer Bill of Rights.

Indicate whether the statement is true or false