Question

Which regulations do credit card companies have to follow? Check all that apply.

Answer 1

The regulations that credit card companies have to follow are: 1) They have to make all credit terms clear to the borrower. They have to provide a client with all the information that refers to the deal of giving a credit to make sure that a client is acknowledged with his/her rights and duties.

4) They have to obtain a borrower’s information in a responsible way. They have to pay attention to all the wishes of a borrower because it indicates that their professional approach is a high-level one. In other words, they have to offer a personal approach to every client looking for such a help.
5) They cannot discriminate based on race, gender, or national origin. It is not professional. It does not matter where a client came from, a really professional company would treat any client as its special customer. Everybody coming to them must be treated equally well.

Answer 2

the correct answers are 1, 4, 5, 6! i just took the test :)