2009 September | Consumer Credit Directory

September 28, 2009

Which of the following agencies enforces the Fair Housing Act?

Filed under: Law & Ethics — Tags: Act Deals, America Atm, Atm Card, Banana Republic Store, Bank Debit Card, Consumer Credit Information, Consumer Credit Protection Act, Credit Opportunity Act, Equal Credit Opportunity Act, Fair Housing Act, Gramm Leach Bliley, Gramm Leach Bliley Act, Housing And Urban Development, Overdraft Protection, Pnc Bank — admin @ 8:38 pm

Life= it GOes On asked:

A-The FBI
B-The Federal Trade Commission
C-The Department of Housing and Urban Development
D-The Department of the Interior

#1
The Gramm-Leach-Bliley Act deals with consumer affairs issues

True
False

#2
What is the name of the state agency that usually enforces consumer credit laws?

#3
What is an example of credit?

A-A Bank of America ATM card
B-A Wachovia Bank debit card
C-A Banana Republic store charge card
D- A PNC Bank check

#4
Which of the following prohibits discrimination when issuing credit to consumers?

A-Fair Housing Act
B-Civil Liberties Act
C-Equal Credit Opportunity Act
D-Gramm-Leach-Bliley Act

#5
Which of the following was enacted to protect the accuracy and privacy of consumer credit information?

A-Fair Credit Reporting Act
B-Fair Housing Act
C-Gramm-Leach-Bliley Act
D-Equal Credit Opportunity Act

Sandra buys a new couch from Sofa Quick. She wants to take advantage of the 12 months same as cash program, but the store denies her credit because she is a woman.

True or false: Sofa Quick has violated the Fair Credit Reporting Act.

True or false

#7
Simone applies for a mortgage loan from National City Bank. National City Bank’s description of the various charges and penalties that are part of the mortgage are so confusing that she unable to determine whether the loan offered by National City is better or worse than other banks.

True or false: National City has violated the Consumer Credit Protection Act.

True or false

#8
Overdraft protection is a(n) __________.

A-check
B-agreement of the bank to cover checks that are written when there are insufficient funds in the account
C-ATM card
D-agreement of the bank customer to ensure that there are sufficient funds in the bank account before writing a check

please help

LEON

Comments (1)

Milwaukee Brewers Credit Card: Baseball Team Logo Credit Cards Score Big

Filed under: Baseball — Tags: Annual Percentage Rate, Annual Percentage Rate Apr, Autographed Memorabilia, Bank Of America, Baseball Fans, Baseball Teams, Billing Cycles, Brewers Baseball, Consumer Credit Cards, Customer Share, Logo Credit, Major League Baseball, Milwaukee Brewers, Team Logo, Team Spirit — admin @ 12:44 pm

College Credit Builder asked:

The Milwaukee Brewers’ team logo can now be featured on the Major League Baseball™ Extra Bases™ Credit Card from Bank of America. ( www.brewerscreditcard.com ). This rewards credit card has hit a home run with fans across the country. Like many colleges, retail stores and airlines have done for years, baseball teams like the Milwaukee Brewers are now being featured on consumer credit cards. These baseball oriented credit cards are rapidly growing in popularity with major league baseball fans nationwide.

The Major League Baseball™ Extra Bases™ Credit Card from Bank of America has features like no annual fee and a 0% intro Annual Percentage Rate (APR) on balance transfers and cash advance checks during the first 12 monthly billing cycles. Additional incentives designed to gain customer share in the competitive rewards credit card market, include exciting offers like an official MLB™ licensed jersey for the team of your choice after the first qualifying transaction using the card. In addition to the no annual fee and 0% introductory APR, card holders can quickly earns points (at a rate of 1 point for every net retail dollar spent) that can be redeemed for MLB™ autographed memorabilia, exclusive experiences with the Milwaukee Brewers, travel rewards and cash-back bonuses.

The Bank Major League Baseball™ Extra Bases™ Credit Card from Bank of America has cornered the market — every official team logo can be represented on the face of the card. Other websites offering the card include www.majorleaguecreditcard.com and www.collegecreditbuilder.com/mlbcards.htm. Consumers feel good about supporting their home teams and feel proud to be card carrying fans publicly displaying their team spirit every day.

FERNANDO

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September 25, 2009

Online Application | Chicago White Sox® Extra Bases® Credit Card

Filed under: Baseball — Tags: America Www, Annual Percentage Rate, Autographed Memorabilia, Bank Of America, Baseball Fans, Billing Cycles, Cash Rewards, Consumer Credit Cards, Credit Card Application, Credit Markets, Economic Instability, Illiquidity, Major League Baseball Teams, Sox Fans, Sports Fans — admin @ 1:29 am

College Credit Builder asked:

The Chicago White Sox® team logo can now be featured on the Major League Baseball™ Extra Bases™ Credit Card issued by Bank of America.   (www.whitesoxcreditcard.com ).   This rewards credit card is scoring big with avid baseball fans and credit card consumers across the country. Like many department stores, colleges and airlines have done for decades, Major League Baseball™ teams are now being displayed on consumer credit cards. These sports oriented rewards credit cards — a great way for fans to express their undying team loyalty – are proving to be a home run in the credit card industry.

Features offered by the Major League Baseball™ Extra Bases™ Credit Card from Bank of America include:

•           No annual fee.

•           0% introductory Annual Percentage Rate (APR) on balance transfers and cash advance checks for your first 12 billing cycles.

•           Earn 1 point for every net retail dollar spent redeemable for MLB™ autographed memorabilia, once-in-a-lifetime MLB™ experiences, cash rewards and travel with no blackout dates.

•           Get an official MLB™ licensed jersey after your first qualifying transaction(s) using your MLB™ Extra Bases™ credit card.

During a period of economic instability, uncertainty in the stock market, illiquidity in the credit markets and the softening real estate market, one thing remains constant – sports fans are crazy about Major League Baseball. Historically, baseball has given the public something to believe in and something to hope for, particularly during difficult economic times.   With the MLB™ Extra Bases™ credit card, White Sox fans can be reminded of their favorite team every time they take out their wallets. Real fans carry the card with pride. Visit www.whitesoxcreditcard.com to complete the credit card application online in a few short minutes.

http://www.articlesbase.com/baseball-articles/chicago-white-sox-credit-card-major-league-baseball-extra-bases-mastercard-626507.html

SHANNON

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September 23, 2009

Media Exploitation of the Poor? Is the Media turning America’s Poor in Helpless Consumers?

Filed under: Other - Society & Culture — Tags: Class Subject, Clutches, Consumer Goods, Credit Card, Diana Kendall, Entertainment Outlet, Essay, Faults, Helpless Victims, Love, Media Exploitation, Media Outlets, People, Spending Habits, Television Entertainment — admin @ 10:26 am

zombie_togo asked:

I’d love to get some opinions about this (it’s a question inspired by Diana Kendall’s “Framing Class”) subject. It was suggested by Kendall in her essay that the wealthy owned media outlets are intentionally turning the poor of American into helpless consumers. That the lower classes of America are unable to control their spending habits as they attempt to achieve a better lifestyle through consumer goods, simply because what they see on television.

Do you think that the lower classes of America are helpless victims in the clutches of the media? That they’re spending habits are not their faults, but the faults of the media?

Or do you think that people, regardless of class, in America are responsible for their own lives? That just because a commercial comes on, advertising a new product doesn’t mean they need to pull out their credit card to buy it? That the television is only an entertainment outlet with far too much value in our society?

SON

Comments (1)

September 21, 2009

Chicago Cubs Team Logo Credit Card From Bank of America

Filed under: Baseball — Tags: 0 Introductory Apr, Annual Percentage Rate, Autographed Memorabilia, Bank Of America, Baseball Fans, Billing Cycles, Cash Rewards, Chicago Cubs, Incentive System, League Baseball Teams, Life Experiences, Logo Credit, Major League Baseball, Major League Baseball Team, Team Logo — admin @ 2:27 am

College Credit Builder asked:

Bank of America™ and Major League Baseball™ hit a home run in the credit card industry. Like many schools, airlines, and retail stores have done for decades, major league baseball teams, including the Chicago Cubs, are now being featured on consumer credit cards. These team logo credit cards are rapidly growing in popularity and proving to be a hit with baseball fans across the country.

The Major League Baseball™ Extra Bases™ Credit Card from Bank of America boasts no annual fee and a 0% introductory Annual Percentage Rate (APR) on balance transfers and cash advance checks for the first 12 billing cycles. As incentives to gain customer share in the extraordinarily competitive credit card market, the baseball credit card also offers an official MLB™ licensed jersey after the first qualifying transaction using the card. In addition to the no annual fee and 0% introductory APR, the card offers a point based incentive system whereby card holders earn 1 point for every net retail dollar spent redeemable for MLB™ autographed memorabilia, coveted MLB™ life experiences, travel and cash rewards.

A review of the landscape makes clear that every major league baseball team can be represented on a credit card. For example, websites like www.cubscreditcard.com , www.whitesoxcreditcard.com, and www.dodgerscreditcard.com, each offer the same Major League Baseball™ Extra Bases™ Credit online application.

Historically, baseball has given the public something to believe in and something to hope for, particularly in tough economic times. With this credit card, consumers can be reminded of their favorite team every time they open their wallets.

SHELTON

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September 20, 2009

Is my pessimism founded?

Filed under: Other - Business & Finance — Tags: Abuse Prevention And Consumer Protection Act Of 2005, Bankruptcy Abuse Prevention And Consumer Protection Act, Bankruptcy Reform Act, Consumer Credit, Consumer Protection Act, Double Digits, Dow, High Interest, Housing Sales, Low Paying Jobs, Pessimism, Revolving Debt, Slump, Stock Market, Thanks In Advance — admin @ 1:00 am

richard d asked:

Is my pessimism in the direction U.S. economy and consumer founded?

I been watching the American consumer for the past 7 years. I remember the crash of 2001 in the stock market and how people lost a lot of there money in the market at that time. Then I saw the resurgence of the consumer after housing prices started to gain by double digits from about 2002 -2005.
Now I have been watching the Dow and it’s record setting pace for the last 2 years and everything for the most part looks to be hunky-dory on the surface. But I can’t help feeling that America is heading for a fall and a big one at that. Why you ask? It’s just some data I been looking at lately on the web.

1. U.S. Housing Sales to Tumble to Six-Year Low on Rates (Update3)

Bloomberg.com: News

2. May consumer credit rises $12.9 billion
May consumer credit rises $12.9 billion – Yahoo! News

3. BANKRUPTCY ABUSE PREVENTION AND CONSUMER PROTECTION ACT OF 2005
Bankruptcy Reform Act of 2005

I just have this feeling that because of the slump in housing (Most people biggest asset.) tied to a increased use of high interest revolving debt coupled with a lot of middle class not being able to file for bankruptcy, that the American consumer is in for a bad fall.

I do take into account that a lot of jobs are being created but I don’t know what types of jobs are being created? Are they good paying jobs? Or are they low paying jobs? Maybe you know.

Anyway do you fell that I’m founded in may fears? Or am I pessimistic for no reason.

Thanks in advance for all that answer.

IAN

Comments (2)

September 19, 2009

Before filing for bankruptcy?

Filed under: Law & Ethics — Tags: Bankruptcy Case, Consumer Credit Counseling, Filing Bankruptcy, Filing For Bankruptcy, Trustee — admin @ 5:20 am

Buffalo1 asked:

….an individual must obtain some consumer credit counseling from an entity approved by the U.S. Trustee within 180 days of the date of the filing of a bankruptcy case.
So- -where is the best place to go get this required counseling?

DANTE

Comments (1)

September 18, 2009

Do you think the sub-prime mort. meltdown will further erode consumer?

Filed under: Other - Business & Finance — Tags: Car Loans, Consumer Loans, Credit Cards, Finance, Meltdown, Sub Prime — admin @ 4:35 am

CHARITY G asked:

loans such as car loans, credit cards, in-store finance?

ANGELO

Comments (3)

September 17, 2009

How do insurance companies decide on your numerical insurance rating, and how can you obtain this info?

Filed under: 1026 — Tags: Consumers, Credit Scores, Insurance, Insurance Companies, Insurance Policy, Insurance Rating — admin @ 8:19 am

Jane A asked:

I understand that insurance companies use credit scores for this purpose, but I have been unable to get them to tell me which credit scores result in a specific numeric rating. Since the price of my insurance policy is tied to this information, I believe this information should be made available to consumers.

OLIVER

Comments (2)

How did consumer credit counselors become a mandatory part of the bankruptcy process?

Filed under: Personal Finance — Tags: Bankruptcy Process, Bankruptcy Protection, Case Study, Consumer Counseling, Consumer Credit Counseling, Consumer Credit Counselors, File Bankruptcy, File For Bankruptcy, Level Overview, United States — admin @ 12:53 am

The Commissioner asked:

In 2005, it became the law in the United States that before a person could file for bankruptcy protection, they needed to complete consumer credit counseling.

I am very interested in reading a case study about how they (the consumer credit counseling industry) pulled this off. I have a cursory understanding of the issue – the arguments, the changes to non-profit status, etc… so I don’t want just some high level, overview. I am much more interested in the steps and arguments they used to accomplish this.

HIRAM

Comments (3)

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