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What does not protect consumers?

A boycott


How does SEC protect consumers?

Go to FTC.Gov and read section for consumers


How do you protect consumers?

give them free condoms


What is the final truth-in-lending disclosure?

The final truth-in-lending disclosure is a document that lenders provide to borrowers before closing on a loan, detailing the loan's terms and costs. It includes information such as the annual percentage rate (APR), total loan amount, payment schedule, and any additional fees or costs associated with the loan. This disclosure is designed to help borrowers understand the true cost of borrowing and make informed decisions. It is mandated by the Truth in Lending Act (TILA) to promote transparency and protect consumers.


How might incomplete disclosure in an advertisement about a car loan have misled consumers before passage of the Truth in Lending Act?

Before the passage of the Truth in Lending Act, incomplete disclosure in car loan advertisements often misled consumers by omitting crucial information such as the annual percentage rate (APR), total loan cost, and hidden fees. This lack of transparency made it difficult for consumers to accurately compare loan offers, leading them to believe they were getting better deals than they actually were. As a result, borrowers could incur higher costs over time, often trapped in unfavorable loan terms without fully understanding their financial obligations. The act aimed to ensure that lenders provided clear and complete information to protect consumers from such deceptive practices.