1 Which of the following is/are subject to the restrictions of the Fair Debt Collection Practices Act (FDCPA)?

Multiple Choice

• Amelia, a business creditor attempting to collect her own debt from Bednar, a private party customer who had fallen six-months behind on payments to Amelia.
• Mees, the owner of a debt collection agency, who is attempting to collect a debt as an agent of Big Corporation.
• Nichole, a business creditor attempting to collect her own debt from Jared Incorporated, a business debtor that had fallen one-year behind on payments to Nichole.
• The restrictions of the FDCPA would apply to Amelia the business creditor, Nichole the business creditor and Mees, the debt collection agent.

2 The Fair and Accurate Credit Transactions Act requires

Multiple Choice

• corporations to charge a fair and equitable interest rate when leasing capital equipment.
• credit bureaus to stop reporting fraudulent account information from the time a consumer alleges identity theft.
• states to set up investigative agencies for the investigation of identity theft and unfair debt collection practices.
• businesses that lease goods to consumers to provide consumers with full disclosure of the terms of the lease.