| The Truth in Lending Act - Advertising Consumer Credit - Closed-End Credit and the Use of Typical Terms |
| |
| In some situations, the Truth in Lending Act permits a creditor to use examples of typical credit terms in an advertisement for closed-end credit. For example, the use of typical credit terms is permissible if a home builder wants to advertise credit terms for many houses, each with a different price, or a bank wants to offer mortgage loans in varying amounts, with different repayment terms. More... |
| |
| The Safeguards Rule - FTC Recommendations Regarding Managing System Failures |
| |
| The Safeguards Rule requires financial institutions to implement a security plan to protect customer information. In connection with the security plan, the Rule requires financial institutions to consider effective security management, including the prevention, detection, and response to attacks, intrusions, and other systems failures. More... |
| |
| Federal Telemarketing Sales Rule - Miscellaneous Telemarketing Practices |
| |
| The Federal Telemarketing Sales Rule prohibits sellers and telemarketers from disclosing or receiving "unencrypted" account numbers in exchange for compensation. "Unencrypted" means complete, visible account numbers or encrypted information with a key to decrypt the information.
More... |
| |
| Going Public |
| |
| When a corporation "goes public," it means that outside investors may obtain shares of stock in the corporation. In order to go public, a corporation's stock must be registered with the United States Securities and Exchange Commission (SEC). More... |
| |
| The Fair Credit Reporting Act - Negative Information |
| |
| The Fair Credit Reporting Act provides that negative information may remain on a consumer's credit report for no more than seven years. However, there is no time limit for information about a consumer's criminal convictions.
More... |
| |
