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Who Must Comply with the Credit Practices Rule?

Who Must Comply with the Credit Practices Rule? This Rule applies to all creditors subject to the jurisdiction of the Federal Trade Commission. It includes all finance companies, retailers (such as auto dealers and furniture and department stores), and credit unions that offer consumer credit...

Who Must Comply with the Red Flags Rule?

Who Must Comply with the Red Flags Rule? Under the Red Flags Rule, both financial institutions and certain creditors must conduct periodic risk assessments to identify "covered accounts." This classification is not determined by the industry but by the specific activities of a business. Financial...