Fair Credit and Charge Card Disclosure Act
The Fair Credit and Charge Card Disclosure Act consists of amendments to the Truth In Lending Act that require the disclosure of the costs involved in credit card plans that are offered by mail, telephone or applications distributed to the general public.
Fair Credit Billing Act (FCBA)
The Fair Credit Billing Act (FCBA) is a United States federal law enacted as an amendment to the Truth in Lending Act (codified at 15 U.S.C. § 1601 et seq.). Its purpose is to protect consumers from unfair billing practices and to provide a mechanism for addressing billing errors in "open ended" credit accounts, such as credit card or charge card accounts.
Fair Credit Reporting Act (FCRA)
The Fair Credit Reporting Act (FCRA) is an American federal law (codified at 15 U.S.C. § 1681 et seq.) that regulates the collection, dissemination, and use of consumer credit information. Along with the Fair Debt Collection Practices Act (FDCPA), it forms the base of consumer credit rights in the United States.
Fair Debt Collection Practices Act (FDCPA)
The Fair Debt Collection Practices Act (or FDCPA), 15 U.S.C. § 1692 et seq., is a United States Statute, added in 1978, as Title VIII of the Consumer Credit Protection Act. Its purposes are to eliminate abusive practices in the collection of consumer debts, to promote fair debt collection and to provide consumers with an avenue for disputing and obtaining validation of debt information in order to ensure the information's accuracy. The Act creates guidelines under which debt collectors may conduct business, defines rights of consumers involved with debt collectors, and prescribes penalties and remedies for violations of the Act. It is sometimes used in conjunction with the Fair Credit Reporting Act.
Find out how the CollectOne software suite can ensure that your agency is in full compliance with FDCPA regulations.
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Federal Family Education Loan Program (FFEL)
The FFEL Program is authorized by the Federal government in the Higher Education Act of 1965. The loans in this program are funded by lenders, and guaranteed by guaranty agencies; but they are ultimately insured by the Federal government.
Free Application for Federal Student Aid (FAFSA)
The FAFSA, or Free Application for Federal Student Aid, is a standard federal form that determines your eligibility for most types of financial aid. Your eligibility is determined by your income, asset, and tax information from you and/or your parents.
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