National City – Mortgage Portfolio?
There is an article in the journal about Wachovia and when speaking off WB and NCC’s share price decline, the CEO of NCC says that the banks are like night and day and not to be worries. Then the article states: “National City’s woes relate to its abandoned push into mortgages in places like Flordai, far from its home turf.”
If it abandoned that push, why would that be a woe? I would think that would be good for the company that they didn’t aggressively pursue loans in FL.
B-The Federal Trade Commission
C-The Department of Housing and Urban Development
D-The Department of the Interior
The Gramm-Leach-Bliley Act deals with consumer affairs issues
What is the name of the state agency that usually enforces consumer credit laws?
What is an example of credit?
A-A Bank of America ATM card
B-A Wachovia Bank debit card
C-A Banana Republic store charge card
D- A PNC Bank check
Which of the following prohibits discrimination when issuing credit to consumers?
A-Fair Housing Act
B-Civil Liberties Act
C-Equal Credit Opportunity Act
Which of the following was enacted to protect the accuracy and privacy of consumer credit information?
A-Fair Credit Reporting Act
B-Fair Housing Act
D-Equal Credit Opportunity Act
Sandra buys a new couch from Sofa Quick. She wants to take advantage of the 12 months same as cash program, but the store denies her credit because she is a woman.
True or false: Sofa Quick has violated the Fair Credit Reporting Act.
True or false
Simone applies for a mortgage loan from National City Bank. National City Bank’s description of the various charges and penalties that are part of the mortgage are so confusing that she unable to determine whether the loan offered by National City is better or worse than other banks.
True or false: National City has violated the Consumer Credit Protection Act.
True or false
Overdraft protection is a(n) __________.
B-agreement of the bank to cover checks that are written when there are insufficient funds in the account
D-agreement of the bank customer to ensure that there are sufficient funds in the bank account before writing a check
Press conference and rally against foreclosure of the house of Leslie Parks in Minneapolis on November 13, 2009