The Consumer Credit Protection Act of 1968 assures that every consumer with a need for credit is given meaningful information with respect to the cost of that credit.

The consumer Credit Protection Act is designed to protect the customer. The main points are Consumer Rights and Warranties, Unfair Practices, Rights and Obligations and Credit Agreements.

questionnaire on consumer protection

The consumer protection act 1986 provide better protection to consumers.

These regulations from the Consumer Credit Protection Act of 1968 were created to make sure than lenders cannot take advantage of borrowers. The regulations have evolved over time, and they make sure people are aware of transfers, debt collections, equal credit opportunities, credit reporting, and truth in lending practices.