Borrower Protection Laws are put into place to protect you from any harm while you are trying to conduct any type of financial action. It is important to know these laws so you are not taken advantage of.
Here are 3 more laws:
The Expedited Funds Availability Act
This 1987 law specifies when banks must make funds deposited by consumers available to them, and requires banks to inform customers of their funds availability policies.
The Fair and Accurate Credit Transaction Act of 2003
This law was enacted as an amendment to the FCRA in order to assist consumers in combating identity theft and other matters that negatively affect their credit rating. It also allowed consumers to exercise greater control over the type and amount of marketing solicitations they receive, restricted the use and disclosure of sensitive medical information, and established uniform national standards in the regulation of consumer reporting.
The Fair Credit and Charge Card Disclosure Act of 1988
This law regulates credit card offers directed to consumers, and comes into effect whenever a consumer is presented with a credit card application (i.e., through the mail, the Internet, a bank, or a retailer). It requires credit applications to contain information about key terms of the account.