List three types of consumer protection laws in banking and give an example of e

Question

List three types of consumer protection laws in banking and give an example of each type.

here is my answer but I need someone to write the types for each of them, because i did not get it.

Fair Debt Collection Practices Act (1977)
Prohibits abusive debt-collection practices. Applies to banks that function as debt collectors for other entities This is to avoid banks trying to collect money from customers who are on a bad financial situation on an abusive way leaving them with out enough money to survive.

Federal Trade Commission Improvement Act (1980)
Authorizes the Federal Reserve to identify unfair or deceptive acts or practices by banks and to issue regulations to prohibit them. For example, practices related to late charges, responsibilities of cosigners, and wage assignments.

Right to Financial Privacy Act of 1978
Protects bank customers from the unlawful scrutiny of their financial records by federal agencies and specifies procedures that government authorities must follow when they seek information about a customer

Explanation / Answer

1. The Federal Trade Commission enforces most of the laws on a national level as it is the main federal agency ensuring consumer protection laws
e.g. Fair Debt Collection Practices Act (1977)
2. State Laws which protect the consumers on a state level. The state attorney general may enforce these laws.
3. Business-specific laws e.g. laws specifically related to mobile phone usage

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