This act prohibits debt collectors from using unfair, deceptive, or abusive practices to collect from consumers.

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Option 1: Fair Credit Billing Act. This choice is about how credit card billing errors are handled and disputed, focusing on billing disputes rather than the conduct of debt collectors; it does not address prohibitions on unfair, deceptive, or abusive collection practices.

Option 2: Fair Debt Collection Practices Act. This option aligns with the core goal of the act, which is to curb unfair, deceptive, and abusive practices by debt collectors when collecting from consumers, setting rules for communication, harassment, and verification. It directly targets debt collection behavior, matching the described prohibition.

Option 3: Truth in Lending Act. This law centers on ensuring clear, standardized disclosures about the terms of credit (like interest rates and total costs) at the origination stage, rather than regulating debt-collection conduct.

Option 4: Fair and Accurate Credit Transaction Act. This is an amendment to the Fair Credit Reporting Act, focusing on improving consumer data security and addressing identity theft, not on regulating debt collection practices.

Option 5: Fair Credit Reporting Act. This act governs the accuracy, fairness, and privacy of consumer credit information, including reporting procedures and consumer rights related to credit reports, but it does not regulate how debt collectors behave when collecting debts.

FSOS 1301 (001) Final Exam/Quiz

This act prohibits debt collectors from using unfair, deceptive, or abusive practices to collect from consumers.

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