Tag: consumers
National Foundation For Consumer Credit (NFCC)
What is 'National Foundation For Consumer Credit - NFCC' A non-profit organization that seeks to educate consumers about credit and borrowing. One...
National Association of Insurance Commissioners (NAIC)
What is 'National Association of Insurance Commissioners - NAIC' A nationwide organization whose main responsibility is to protect the interests of insurance...
Ombudsman
What is 'Ombudsman' An official who investigates complaints (usually lodged by private citizens) against businesses, financial institutions and/or the government. An ombudsman...
Same-Day Substitution
What is 'Same-Day Substitution' An offsetting change in a margin account, made over the trading day, that results in no overall change...
Bait And Switch
DefinitionBait-and-switch is a form of fraud used in retail sales, but also employed in other contexts. Bait And Switch What is 'Bait And...
Balance Protection
Balance Protection What is 'Balance Protection ' The optional coverage on an existing credit card account. Typically, the fee for the...
Bad Debt
What is bad debt and how does it affect your credit score
Most people are familiar with the term "bad debt." Generally, bad debt is...
Call Protection
What is a 'Call Protection' A call protection is a protective provision of a callable security prohibiting the issuer from calling back...
CPI – Consumer Price Index
The consumer price index (CPI) is metric that denotes prices of goods and services including food items, transportation, medical care, and others used by...
Payday Loans
DefinitionA payday loan is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are...