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The Truth in Lending Act ensures that creditors provide complete and honest information. The Fair Credit Reporting Act regulates credit reports. The Equal Credit Opportunity Act prevents creditors from discriminating against individuals.
The West Virginia Consumers Credit and Protection Act requires every person engaging in this State in making consumer credit sales or consumer loans and every person having an office or a place of business in this State who takes assignments of and undertakes direct collection of payments from or enforcement or rights ...
THE ACT, WHICH SAFEGUARDS CONSUMERS BY REQUIRING FULL DISCLOSURE OF THE TERMS AND CONDITIONS OF FINANCE CHARGES IN CREDIT TRANSACTIONS OR IN OFFERS TO EXTEND CREDIT, IS PRESENTED AS AMENDED THROUGH MARCH 1976.
Virginia law does not adhere to the Uniform Deceptive Trade Practices Act, but the Virginia Consumer Protection Act of 1977 bans false advertising, automobile odometer tampering, and other deceptive methods. Individuals, commonwealth attorneys, and the state attorney general may file suit for violations.
West Virginia law, specifically WV Code §46A-2-127, states that debt collectors should not deceive, mislead, or perform fraudulent activities when collecting and attempting to collect a debt. Examples of these bad business practices include: Refusal to give their true name and hide behind the company's name.
In the fiscal year of 2019, the state of West Virginia had state debt totaling 8.68 billion U.S. dollars. However, the local government debt was a bit lower at 3.71 billion U.S. dollars.
Justice Holmes first reviewed Virginia's claim and West Virginia's answer, as well as the ordinances and relevant state constitutional language in question. Holmes observed that a special master had found West Virginia liable for about $33.9 million in debt, which West Virginia had not disputed.