consumer credit protection act

Consumer Credit Protection Act. A federal statute that safeguards consumers in the use of credit by (1) requiring full disclosure of the terms of loan agreements, including finance charges, (2) restricting the garnishment of wages, and (3) regulating the use of credit cards. 15 USCA §§ 1601–1693. • Many states have also adopted consum-er-credit-protection acts. — Also termed Truth in Lending Act (abbr. TILA). See UNIFORM CONSUMER CREDIT CODE . [Cases: Consumer Credit 30. C.J.S. Interest and Usury; Consumer Credit §§ 317–318.]

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词条贡献者

译员Max，毕业于欧洲一流的法学院，专注翻译各种与通用数据保护条例 (GDPR)有关的法律文件。