Question

What are two laws that help to protect your financial life

Answer 1

Two laws that help protect your financial life are pension insurance and deposit insurance.

Step-by-step explanation:

Two laws that help protect your financial life are:

1. Pension insurance: Employers are required by law to pay a small fraction of what they are setting aside for pensions to the Pension Benefit Guarantee Corporation, which pays at least some pension benefits to workers if a company goes bankrupt and cannot pay the pensions it has promised.
2. Deposit insurance: Banks are required by law to pay a small fraction of their deposits to the Federal Deposit Insurance Corporation, which goes into a fund that pays depositors the value of their bank deposits up to $250,000 if the bank should go bankrupt.

Answer 2

Answer: Truth In Lending & Consumer Leasing Acts. -- If a creditor fails to disclose information required under either of these acts, gives inaccurate information, or does not comply with the rules regarding credit cards or the right to cancel them, you may sue for actual damages, that is any money loss you suffer.

Equal Credit Opportunity Act. -- If you think you can prove that a creditor has discriminated against you for any reason prohibited by the ECOA, you may sue for actual damages plus punitive damages(that is, damages for the fact that the law has been violated) of up to $10,000.

Step-by-step explanation: