Chap021 - Chapter 21 Consumer Lending and Borrowing Chapter...

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Chapter 21 - Consumer Lending and Borrowing Chapter 21 Consumer Lending and Borrowing Learning Objectives You will see the vital contribution made by consumer—households (individuals and families)—in supplying loanable funds to the money and capital markets through savings. You will learn about the important role consumers play as major borrowers of funds within the financial system and the laws that protect their rights. You will explore the principal characteristics and unique features of consumer lending institutions, including banks, credit unions, and finance companies. Key Topics Outline Consumers as Borrowers and Lenders of Funds Growing Menu of Consumer-Oriented Financial Services Credit and Debit Cards: Convenience and Risk What Determines Consumer Borrowing? Key Consumer Lending Institutions Factors Lenders Consider in the Consumer Loan Decision Credit Scoring Techniques Financial Disclosure, Discrimination, and Identity Theft Consumer Bankruptcy and a New Bankruptcy Law Chapter Outline 21.1. Introduction to Consumer Lending and Borrowing 21.2. Consumers as Lenders of Funds 21.2.1. Financial Assets Purchased by Consumers 21.2.2. Recent Innovations in Consumer Savings Instruments 21.3. Consumers as Borrowers of Funds 21.3.1. Is Consumer Borrowing Excessive? 21.3.2. Categories of Consumer Borrowing 21.4. Home Equity Loans 21.4.1. Equity in the Money and Capital Markets 21.5. Credit and Debt Cards 21.5.1. Credit Cards 21.5.2. Debit Cards 21-1
Chapter 21 - Consumer Lending and Borrowing 21.6. The Determinants of Consumer Borrowing 21.7. Consumer Lending Institutions 21.7.1. Commercial Banks 21.7.2. Finance Companies 21.7.3. Other Consumer Lenders: Credit Unions, Savings Associations, and Small Loan Companies 21.8. Factors Considered in Making Consumer Loans 21.9. Credit Scoring Techniques 21.10. Financial Disclosure and Consumer Credit 21.10.1. Truth in Lending 21.10.2. Fair Credit Billing Act 21.10.3. Fair Credit Reporting Act 21.10.4. Consumer Leasing Act 21.10.5. Competitive Banking Equality Act 21.10.6. Fair Credit and Charge Card Disclosure Act 21.10.7. Truth in Savings Act 21.10.8. The Financial Services Modernization (Gramm-Leach-Billey) Act 21.10.9. Identity Theft 21.11. Credit Discrimination Laws 21.11.1. Community Reinvestment Act and Financial Institutions Reform, Recovery, and Enforcement Act 21.11.2. Equal Credit Opportunity Act 21.11.3. Fair Housing and Home Mortgage Disclosure Acts 21.12. Bankruptcy Law Changes Key Terms Appearing in This Chapter NOW account, 663 residential mortgage credit, 668 installment credit, 668 noninstallment credit, 668 home equity loan, 669 credit card, 670 debit card, 671 credit scoring techniques, 677 Truth in Lending, 678 Fair Credit Billing Act, 679 Fair Credit Reporting Act, 679 Financial Services Modernization (Gramm-Leach-Billey) Act, 681 identity theft, 681 Community Reinvestment Act, 682 Equal Credit Opportunity Act, 682 Bankruptcy Abuse Prevention and Consumer Prevention Act, 683 21-2
Chapter 21 - Consumer Lending and Borrowing Questions to Help You Study

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