consumer protection

Federal Deposit Insurance Corporation (FDIC)

Federal Deposit Insurance Corporation (FDIC) is the U.S. government corporation that insures depositor’s accounts at most U.S. banks. The FDIC insures $250,000 of deposits for each individual’s accounts at over 5,000 banks. This reassures...

Federal Trade Commission

The Federal Trade Commission is an independent federal agency established by Congress. The FTC is led by five appointed commissioners, and is separated into two different bureaus: the bureau of consumer protection, which focuses on consumer fraud and...

Federal Trade Commission (FTC)

The Federal Trade Commission (FTC) is an independent federal agency created in 1914 by the FTC Act. It is composed of five Commissioners appointed by the President and confirmed by the Senate. Each Commissioner serves a seven-year term. The...

Fixed Rate Mortgage

Fixed rate mortgages are the common method for purchasing homes with an interest rate that stays the same throughout the loan. These loans often are made for 15, 20, or 30 years, and while the monthly payments never change, the monthly...

Foreign Corrupt Practices Act (FCPA)

Federal legislation with two main provisions- one addressing accounting transparency requirements under the Securities Exchange Act of 1934 and the other concerned with bribery of foreign officials.

Fraudulent Transfer Act

Fraudulent transfer act refers to laws enacted by states that establish the rights of creditors against debtors where it appears the debtor fraudulently transferred property to avoid paying creditors. Almost every state has enacted the Uniform...

Guaranteed Reservation

Guaranteed reservation is a contractual agreement made by a customer with a business to reserve something such as a hotel room or vehicle. A guaranteed reservation requires the customer to pay for the reservation in advance and requires the...

investigative background check

According to the Federal Trade Commission, an employer may perform a background on check on you before deciding whether or not to hire you or when deciding whether or not to keep you at your current position. A background check may...

investigative consumer report

A report by an investigative consumer report agency that includes personal information on a consumer. Investigative consumer reports may be requested when applying for things such as employment or housing. The contents and limits of...

warranty adjustment program

Warranty adjustment program (also called a secret warranty program) is a service provided by car manufacturers when their vehicles have some form of defect. Manufacturers create warranty adjustment programs to try to avoid recalling a vehicle...

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