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
What is a Veblen Good
A Veblen good is a type of consumer good for which demand increases as the price increases. This occurs because...
Fair And Accurate Credit Transactions Act (FACTA)
What is 'Fair And Accurate Credit Transactions Act - FACTA' A U.S. resolution passed in 2003 that is aimed at enhancing protection...
Fair Credit Billing Act (FCBA)
What is the 'Fair Credit Billing Act - FCBA' A federal law designed to protect consumers from unfair credit billing practices. The...
Fair Trade Price
What is 'Fair Trade Price' Fair trade price is the minimum price paid for certain agricultural products imported from developing countries. Fair...
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)
What is the 'Fair Debt Collection Practices Act - FDCPA' The Fair Debt Collection Practices Act (FDCPA) is a federal law that...
Waiver Of Demand
What is 'Waiver Of Demand' An agreement by the party that has endorsed a check or draft to accept legal responsibility, without...
Warm Card
What is 'Warm Card' A type of ATM card that allows the bearer restricted access to a business account. Most frequently, the...
Weak Dollar
What is a weak dollar and what are the effects
A weak dollar is when the value of the U.S. dollar decreases compared to other...