Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• CONSUMER CREDIT PROTECTION ACT
  
  The Consumer Credit Protection Act, passed in 1968, for the first time spelled out basic consumer protections, including Truth in Lending disclosures. It requires creditors to state the cost of borrowing in understandable terms to allow consumers to figure out how much loans would cost, and to compare them.
  
  Back