Federal Statutes Protecting Consumers
The Federal Reserve is in charge of implementing numerous federal laws which are intended to protect consumers in credit and other financial matters. It is important to know your rights under the law.
A well-educated consumer is the best protection available.
One of the most important points of this Act concerns the specific information which must be disclosed to a borrower before finalizing any credit or loan agreement.
Ensures the fairness, accuracy, and privacy of information gathered on individuals by consumer reporting agencies, such as credit bureaus.