Regulatory Compliance

The Truth in Lending Act is also known as “Regulation Z”

• True

• False

The Truth in Lending Act is NOT a federal law.

• True

• False

The attempt to disguise the proceeds of illegal activity so that they appear to come from legitimate sources is called...

• The GLBA

• Bankruptcy Code

• The FACT Act

• Money Laundering

Violating the US Bankruptcy Code can result in:

• Statutory damages of up to $1,000.

• Actual damages.

• Reasonable attorney's fees and costs

• All of the above

What type of payment is an EFT?

• Electronic Financial Transfer

• Electronic Funds Transfer

• Electric Fund Type

• Economy of Future Tariffs

Common sense and good judgement is as vital as keeping your personal computer protected with a good antivirus to block this type of attack.

• True

• False

Most phishing attacks are against banks, but can also use any popular website to steal personal data such as eBay, Facebook, PayPal, etc.

• True

• False

Techniques used in Social Engineering include:

• Appealing to vanity

• Appealing to authority

• Appealing to greed

• All of the above

What agency is empowered to enforce the FDCPA?

• Federal Trade Commission

• Federal Savings and Loan Board

• Internal Revenue Service

• Federal Internet Service

A debt collector violates the FDCPA by belittling or embarrassing the consumer.

• True

• False