<u>1. Credit CARD Act--------Protects consumers from unfair credit card billing practices.</u>
The Credit CARD Act primary objective is to keep certain business rehearses in the Visa business that were viewed as uncalled for or even misleading to buyers.
The act was marked into law in May 2009 and produced results in stages. Be that as it may, the most critical changes produced results in February 2010. The landmark law was the most clearing administrative change in the historical backdrop of the credit card business.
<u>2. Patriot Act-------Prevents, detects, and prosecutes international money laundering</u>
The Patriot Act has turned into an image of the enormous development of government observation after 9/11. So in case you're worried about over the top government reconnaissance, or on the off chance that you've at any point chatted with somebody who is, you've presumably heard or utilized "the Patriot Act" as a shorthand for the issue.
That is not actually right. The Patriot Act was a major, wide law, and a great deal of it has nothing to do with reconnaissance. What's more, the administration's present reconnaissance powers are drawn from a few sections of the Patriot Act, yet additionally from different laws.
<u>3. Identity Theft and Assumption Deterrence Act-------Criminalizes identity theft</u>
The Identity Theft and Assumption Deterrence Act (ITADA) was passed into law in October 1998. This law was passed by Congress when wholesale fraud climbed drastically in the 1990's. Until its passing, law requirement operators depended on different government laws that ensured explicit data to arraign identity thieves.
This law made an exceptionally wide meaning of identity theft including abuse of various types of data, including name, Social Security number, account number, secret key, or other data connected to an individual other than the one giving it.
<u>4. Dodd-Frank Act-----Educates consumers so that they can protect themselves from unfair practices.</u>
The Dodd-Frank Act (completely known as the Dodd-Frank Wall Street Reform and Consumer Protection Act) is a United States bureaucratic law that places direction of the monetary business in the hands of the administration. The enactment, which was ordered in July 2010, made money related administrative procedures to constrain hazard by implementing straightforwardness and responsibility.
Defenders of Dodd-Frank trust the demonstration keeps the United States economy from encountering an emergency like that of 2008 and shields buyers from a considerable lot of the maltreatment that added to that emergency.
