The Fair Debt Collection Practices Act (FDCPA) restrains hired debt collectors in how they go after debt. Debt collectors are prevented from harassing consumers with outstanding debt, and they can only contact consumers within 8 AM to 9 PM...
financial services
FCBA
The FCBA is the Fair Credit and Billing Act of 1974 which established new standards on billing practices for credit cards and other open-line credit. For more information on the FBCA, click here.
[Last updated in June of 2021 by the...
FCRA
The federal Fair Credit Reporting Act (FCRA), 15 U.S.C. § 1681, regulates the manner in which credit bureaus may collect, access, use, and share the information they compile on individuals and businesses. The act includes specific provisions...
FDCPA
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...
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...
fee
In common parlance, a fee is a payment or charge for services rendered, usually in the form of money or property. In legal and property contexts, however, a fee can also be a heritable interest in land, such as a fee simple.
[Last...
FICO
FICO is the acronym for Fair Isaac Corporation, as well as the name for the credit scoring model that Fair Isaac Corporation developed. A FICO credit score is a tool used by many lenders to determine if a person qualifies for a credit card,...
FIFO
First in, first out (FIFO) accounting is a method for assessing the value of inventory, in which the first purchased items are assumed to be the first ones sold or disposed of. FIFO accounting typically increases the recorded value of...
FIFO accounting
First in, first out (FIFO) accounting is a method for assessing the value of inventory, in which the first purchased items are assumed to be the first ones sold or disposed of. FIFO accounting typically increases the recorded value of...