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US Laws that relate to credit

The Credit Repair Organizations Act (CROA) – Title IV of The Consumer Credit Protection Act, the CROA regulates the practices of credit repair companies

The Fair Debt Collection Practices Act (FDCPA) – A US statute added in 1978 as Title VIII of the Consumer Credit Protection Act. The FDCPA regulates collection agencies. It forbids some forms of harassment and regulates how debt collectors may contact debtors

The Fair Credit Reporting Act (FCRA) – Established in 1971 and revised in 1997, the FCRA empowers the consumer see his or her credit report and to dispute inaccurate information in that report. Under the FCRA, if a consumer disputes the accuracy of information in his/her credit report, the Credit Bureau reporting that information must either verify the information as accurate, or must correct or remove it.

The Consumer Credit Protection Act – The Consumer Credit Protection Act of 1968 is designed to protect borrowers by mandating complete disclosure of the terms and conditions of finance charges in a transaction, by limiting the Garnishment of wages, and by guarding employees from discharge by their employers because their wages have been garnished in any one week.

The Fair Credit Billing Act – Enacted as an amendment to the Truth in Lending Act, The FCBA is designed to protect consumers from unfair billing practices. Applicable to revolving charge accounts (credit cards, store accounts, and other forms of “open end” credit accounts) it requires credit card issuers to follow a specific procedure when addressing billing disputes on the part of credit card borrowers.

The Equal Credit Opportunity Act – Enacted in 1974, the ECOA makes it unlawful for a creditor to discriminate against any applicant on the basis of race, color, religion, national origin, sex, marital status, or age.

FTC Identity Theft Protection – Lots of good information and downloadable PDF files, in regard to protecting oneself against, and dealing with instances of, Identity Theft.
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