Tag: consumers

VantageScore

DefinitionVantageScore is a consumer credit-scoring model, created through a joint venture of the three major credit bureaus. The model is managed and maintained by...

Veblen Good

DefinitionVeblen goods are types of luxury goods for which the quantity demanded increases as the price increases, an apparent contradiction of the law of...

Fair And Accurate Credit Transactions Act (FACTA)

Fair And Accurate Credit Transactions Act (FACTA) What is 'Fair And Accurate Credit Transactions Act - FACTA' A U.S. resolution passed in...

Fair Credit Billing Act (FCBA)

Fair Credit Billing Act (FCBA) What is the 'Fair Credit Billing Act - FCBA' A federal law designed to protect consumers from...

Fair Trade Price

Fair Trade Price What is 'Fair Trade Price' Fair trade price is the minimum price paid for certain agricultural products imported from...

Fair Credit Reporting Act (FCRA)

DefinitionThe Fair Credit Reporting Act, 15 U.S.C. § 1681 is U.S. Federal Government legislation enacted to promote the accuracy, fairness, and privacy of consumer...

Fair Debt Collection Practices Act (FDCPA)

Fair Debt Collection Practices Act (FDCPA) What is the 'Fair Debt Collection Practices Act - FDCPA' The Fair Debt Collection Practices Act...

Waiver Of Demand

Waiver Of Demand What is 'Waiver Of Demand' An agreement by the party that has endorsed a check or draft to accept...

Warm Card

Warm Card What is 'Warm Card' A type of ATM card that allows the bearer restricted access to a business account. Most...

Weak Dollar

Weak Dollar What is 'Weak Dollar' A situation where the U.S. dollar's value is decreasing relative to one or a basket of...

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