Application of Consumer Protection Laws A number of laws have been enacted specifically to define the rights of consumers who enter into credit transactions. It is next to impossible to live in modern society without entering into some form of credit transaction so it is important for the consumer to know and understand their rights. Companies that extend or collect on delinquent credit must also know their obligations to the consumer. 1. Required information Read the statements. Drag and drop each item into the law which most specifically applies to the situation. Each category should contain only three statements. Loan Term. Investigative Obscenities. Skip Tracing. Red Lining. Reports. Warranties. Creditor Insurance Delinquency Recrediting. Exemption. Charges. Credit Cards. FCRA TLA FDCPA FCBA Check/Debit Cards. None of the Categories Geographic Limitation. Right to Dispute or Explain. Credit Charges