What should advertisements say about the customer seeking more information about offers?

Prepare for the Truth in Savings Act (TISA) Test. Use quizzes and multiple choice questions, each with hints and explanations. Ace your test!

Advertisements regarding financial offers must include language that directs consumers to seek additional information. This is consistent with the Truth in Savings Act, which aims to provide transparency and ensure that consumers are well-informed before making financial decisions.

Including a prompt for consumers to ask for more details encourages them to engage with the institution. This allows consumers to clarify any uncertainties they may have about terms, conditions, and specific details surrounding the offers. Providing clear avenues for inquiry helps build trust and fosters a better understanding of the advertised financial products.

Simply stating that nothing needs to be said about asking or only including a phone number or the bank's address would not sufficiently guide consumers toward making informed decisions. Advertisements should proactively encourage customers to obtain all necessary information for a complete understanding of the offers presented.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy