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Financial Planner

Category - Professional Conduct and Regulation

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What Federal Trade Commission Statue forces the disclosure of finance charges?

Truth in Lending Act
Fair Credit Billing Act
Equal Credit Opportunity Act
Credit Protection Act

Explanation

Answer: A - The Truth in Lending Act is the Federal Trade Commission Statue forces the disclosure of finance charges. The Truth in Lending Act in Title I of the Consumer Credit Protection Act. It requires all creditors who deal with consumers to make certain written disclosers concerning all finance charges and related aspects of credit transactions. The Act includes disclosing finance charges expressed as an annual percentage rate.

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Financial Planner

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Financial Planner

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