{Financial Services Law Glossary}
Definitions of the most commonly-encountered terms in financial services law.
Financial Services Law Glossary
A
Adverse action
Adverse Action Notice
Annual percentage rate
Application
C
Check 21 Act
Community Reinvestment Act
Credit bureau
Credit report
Credit Score
E
Electronic funds transfer
Equal Credit Opportunity Act
F
Fair and Accurate Credit Transactions Act of 2003 (FACT Act or FACTA)
Fair Credit Reporting Act
Federal Deposit Insurance Corporation
Federal Reserve System
Finance charge
Forbearance
Fraud Alert
Frozen account
G
Guarantor
I
Interest
Interest rate
L
Legal tender
Loan modification provision
M
Mortgage
Mortgage loan
Mortgagee
Mortgagor
N
National Bank
National Bank Examiner
National Credit Union Administration
O
Offset, right of
Open-end credit
P
Preauthorized electronic fund transfers
R
Real Estate Settlement Procedures Act
Recourse
Redlining
Revolving credit
Right of offset
Right of rescission
T
Trust account
Truth in Lending Act
U
Usury
Usury rates