FDCPA is the Fair Debt Collection Practices Act which limited the actions of third-party debt collectors in response to harassment of debtees. For more information on the FDCPA, click here.
[Last updated in June of 2021 by the Wex...
consumer protection
FDIC
The Federal Deposit Insurance Corporation (FDIC) insures $250,000 of deposits for each individual’s accounts at over 5,000 banks. This reassures depositors that their money is accessible in the situation where their bank fails, reducing the...
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 (FTC) is an independent federal administrative agency, created by Congress in 1914 with the FTC Act. The FTC is composed of five Commissioners appointed by the President and confirmed by the Senate. Each...
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)
Foreign Corrupt Practices Act (FCPA) is the primary piece of legislation in the U.S. that illegalizes the bribing of foreign officials by U.S. citizens and employees of U.S. listed companies. The FCPA consists of two main provisions; one...
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...
implied warranty
An implied warranty is a guarantee that is not written down or explicitly spoken. Article 2 of the Uniform Commercial Code ("UCC") governs the sale of goods. An implied warranty is automatically presumed regarding the sale of goods or real...