1. Truth in Lending Act
requires that lenders use similar methods for calculating the cost of credit and for disclosing credit terms so consumers can tell how much it will cost to borrow money.
limits a consumer’s liability to $50 if their credit card is lost, stolen, or used without their authorization, and it prohibits the unsolicited issuance of credit cards.
makes it easier for consumers to compare the terms of various loans.
Taylor & Sadie

2. What is a credit report?
When you apply for credit, the creditor will study your report and make decisions about whether or not to extend credit.
Employers often use this information to make decisions about job offers.
Insurance companies may use this information to determine insurance rates.
Credit bureaus use your credit history to create a credit score that is often used to assess your creditworthiness. Individuals with higher credit scores get better interest rates on loans. A good credit score can save our thousands of dollars in finance costs and interest charges.

3. FICO Scores
Will be between 300 and 850, with a higher score indicating better credit
This score is made up of:

4. Credit Reports
The Fair Credit Reporting Act (FCRA) requires all three nationwide credit reporting companies to provide every person with a free copy of his or her credit report, at his or her request, once every 12 months. The FCRA promotes the accuracy and privacy of information in the records of the nation’s credit reporting companies. 
How can this help you?
Jayquan

5. It’s important that you know:
Types of investment: certificates of deposit, bonds, mutual funds, stocks
The higher the return (the more you make), the higher the risk (the chance of losing your money)
Liquidity – turning your investment into cash

6. Certificates of Deposit
Are accounts where you leave your money for a set period of time, such as 6 months, one, two, or five years, called a term.
You usually earn a higher rate of interest than in a regular savings account.
The longer you promise to keep your money in a CD, the higher the interest rate.
Be sure to think about your cash needs before opening a CD because you will pay a penalty if you withdraw your money early.
Relatively low risk because the investment is FDIC insured
Relatively low potential rate of return
Relatively low liquidity because a penalty must be paid if money    is withdrawn early
Considered the least risky in terms of investments.
Darsha

7. Bonds
When you purchase a bond, you are lending money to the government or a corporation for a certain period of time (term).
There is a set interest rate and maturity date.
The bond certificate promises the corporation or government will repay you on a specific date with a fixed rate of interest.
Liquidity is low; if money is withdrawn early, part of the principal may be lost.
Vanessa

8. Mutual Funds
Your money is combined with money from other investors to buy a variety of investments (stocks, bonds).
Your money is not insured, but diversification reduces the risk of    loss.
You will be charged fees for the management of the investments.
Qaretha

9. Stocks By purchasing shares, you become part-owner of the company.
Risk is high because your money is not insured and your investment is not diversified.
Potential return on investment is high; if the company’s value increases, your rate of return increases.
Liquidity is high; you may withdraw your money at any time.
If the company you purchased shares in does well, you might receive periodic dividends. Dividends are part of a company’s profits it gives back to you when you own stock in the company.
Dashawn

10. Securities Act of Often referred to as the “truth in securities” law, the Securities Act of 1933 has two basic objectives: • require that investors receive financial and other significant information concerning securities being offered for public sale; and  • prohibit deceit, misrepresentations, and other fraud in the sale of securities. —U.S. Securities and Exchange Commission, 2013
So, what are “securities?”
Marquis
Stocks & bonds

11. In which plan does the employee assume more investment risk?
Retirement Plans
Contribution Plans
Employees and/or employers contribute money to the account. Upon retirement, employees receive the balance of the account, which depends on contributions plus or minus investment gains or losses.
The employee assumes more investment risk in a defined contribution plan.
Pension Plans
Employers promise employees a specific monthly benefit at retirement. The benefit may be a fixed dollar amount or may depend on a plan formula that considers factors like salary and years of service.

12. Why would an employee prefer a defined benefit plan over a defined contribution plan?
If stock market prices decrease, the employee receives the same amount of retirement income. I

13. Retirement Plans continued
Traditional 401K Employee contributions to the plan are tax- deferred. Any earnings from the investments are tax-deferred. The money you contribute to your 401K lowers your taxable income. You pay taxes on the contributions and the earnings when savings are withdrawn.
Roth 401K Employee contributions to the plan are not tax- deferred. Income earned on the account (from interest, dividends, or capital gains) is tax-free. You do not pay taxes when savings are withdrawn.

14. A 401(k) gives you a yearly tax break now.
Why would someone choose a traditional 401(k) plan over a Roth 401(k) plan?
A 401(k) gives you a yearly tax break now.
A Roth 401(k) gives you a tax break when you retire.