The DoddFrank Act:
A) requires issuers to give a 45day notice before making significant changes to credit agreements.
B) requires lenders, insurance companies, and others to provide a free copy of the credit score of applicants whose credit card applications have been rejected.
C) requires anyone under the age of 21 who applies for a credit card to either verify proof of income or have an older adult cosign the application.
D) created the Federal Financial Institutions Examination Council (FFIEC).

Question

The Dodd­Frank Act:
A) requires issuers to give a 45­day notice before making significant changes to credit agreements.
B) requires lenders, insurance companies, and others to provide a free copy of the credit score of applicants whose credit card applications have been rejected.
C) requires anyone under the age of 21 who applies for a credit card to either verify proof of income or have an older adult cosign the application.
D) created the Federal Financial Institutions Examination Council (FFIEC).

Quizplus · Accepted Answer

The Dodd-Frank Act includes provisions that require lenders to provide a free credit score to applicants whose credit card applications have been rejected.

The Dodd­Frank Act

The DoddFrank Act