Publication
Consumer Credit Protection
Objective
Students will be able to:
- Identify features of key federal legislation that help protect consumers in credit transactions.
- Analyze specific credit problems by reference to federal credit legislation.
Standard
Standard: 4
- Students will understand that: People can choose to invest some of their money in financial assets to achieve long-term financial goals, such as buying a house, funding future education, or securing retirement income. Investors receive a return on their investment in the form of income and/or growth in value of their investment over time. People can more easily achieve their financial goals by investing steadily over many years, reinvesting dividends, and capital gains to compound their returns. Investors have many choices of investments that differ in expected rates of return and risk. Riskier investments tend to earn higher long-run rates of return than lower-risk investments. Investors select investments that are consistent with their risk tolerance, and they diversify across a number of different investment choices to reduce investment risk.
Concepts
In this personal finance lesson, students will receive an overview of legal protection for those using consumer credit.
Book Info
This lesson is part of Financial Fitness for Life 9-12, 3rd Edition and provides the slides and activities with educational technology tools. For full access to the book, shop the teacher guide and student workbook below.
Teacher Guide |
Student Workbook |
Available in eBook and hard copy |
Available in eBook and hard copy |
Description
This lesson provides an overview of legal protection for those who use consumer credit. It stresses federal laws designed to protect consumers with credit transactions. The applicable laws include the Truth in Lending Act, the Fair Credit Reporting Act, the Equal Credit Opportunity Act, the Fair Credit Billing Act, the Fair Debt Collection Practices Act, the Electronic Funds Transfer Act, the Fair and Accurate Credit Transactions Act, and the Credit Card Accountability Responsibility and Disclosure Act.