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Who does the EFT act protect?
Consumers
What are the financial products included in the Truth in lending act?
Mortgages, Loans, Credit Cards, etc.
Who might not like the EFT Act?
Business owners and Merchants
In what year was the EFT act passed?
1978
3 days to reconsider
Who does the EFT act benefit?
Consumers
Potential haters for the truth in lending act?
Loan sharks, Banks, Scammers
Why was the EFT act passed?
Because of a growing amount of ATM users
To allow customers to dispute incorrect Financial statements
Who does the truth in lending act protect?
Credit Cards and loans
protects consumers from predatory lending
What is the primary objective of the truth in lending act?
Protect Consumers against unauthorized credit transactions.
Which president signed the Electronic Funds Transfers Act?
Jimmy Carter
who passed the Truth In Lending Act?
Lyndon B. Johnson