Business Law 4.01: Financial, Credit, and Bankruptcy Law

Match it! Select the correct answer from the pull down...Good luck!

Craig returned a recently purchased stereo to Electronic Warehouse for a full refund. Last week Craig’s credit card bill still showed a charge for the purchase. What law could help Craig correct this error?

What is the purpose of bankruptcy laws?

Jan’s landlord threatens to report unsubstantiated debts on her credit. What law protects her against this concern?

VISA increased Jimmy's interest rate from 10.99% to 15.99% without notifying him of this change in writing. Which law did VISA violate?

Vince is being threatened by his credit card company after falling behind in his payments. What law protects him against this concern?

Chris received his VISA statement in the mail. He now understands how long it will take to pay off the balance if he only makes the minimum payment. VISA is complying with which act?

Mark’s credit report indicates non-payment of a credit card bill. Mark wants to correct this error. Which act was passed by Congress to assist Mark in correcting this dispute?

Michelle obtained a letter from Nordstrom's stating that her credit application had been approved. Michelle can spend up to $15,000 and the annual interest rate is 15.99%. Nordstrom's followed which law?