Consumer credit laws have been implemented over the years to protect consumers against creditor abuses. Match the following consumer credit issues with the appropriate consumer credit law:
• Controls debt collection procedures and practice
• Prohibits credit discrimination because of race, age, or national origin
• Establishes the APR and requires the disclosure of all credit-related costs
• Requires credit contracts to be written in plain English
• Requires a "rejection letter" or written explanation of any adverse action taken
• Limits marketing of credit cards to the mailing of application packets and prohibits the mailing of unrequested credit cards
• Allows payment for defective goods purchased with a credit card to be legally withheld
• Limits fraudulent card use to $50 payment by the cardholder
• Ensures that divorced individuals can receive credit
• Provides annual access to one free credit report from each of the major credit bureaus
• Reduces credit card late fees to $25
• Limits the issuance of credit cards to consumers under age 21
• Requires clear and simple disclosures related to international money transfers