Question

Amy notices that her credit card company has charged too high an interest rate for delayed payment this month. Which law protects her from this issue?

Fair Debt Collection Practices Act

Identity Theft and Assumption Deterrence Act

Magnuson-Moss Warranty Act

Fair Credit Reporting Act Credit Card

Accountability, Responsibility and Disclosure Act

Answer 1

E:Credit Card Accountability, Responsibility and Disclosure Act

Answer 2

The Law that protects Amy from this issue is the Fair Debt Collection Practices Act. This law was enforced by The Federal Trade Commission (FTC) in order to prohibit the debt collectors from collecting abusively and unfairly from the consumers and also prohibits the use of deceptive practices