These institutions were called OSPEDALI.
The institutions were established to give shelter and education to children who are abandoned, orphaned or those who can not be supported by their families. The institutions were financed by funds provided by the public. The children usually learn a trade and then leave the institution when they are fifteen years old.
Truth in Lending Act is the federal law that requires the cost of credit be disclosed to consumers in bold print on loan agreement
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The Truth in Lending Act (TILA) passed in 1968 to take care whether the consumers are treated fairly by revealing about the true cost of credit. The credit documents should be made very clear to the consumers. It does not place limitations on banks about how enough interest they may impose or whether they must give a loan.
This TILA statement includes annual percentage rate, schedule of payment and finance charges and the repayment within loan lifetime. Regulation Z is alternative name for Truth in Lending Act. Both the terms can be used in all aspects of lending and credit card purposes.
The view that elderly people need to remain active in a variety of social spheres is called the activity theory. It is one theory of aging that proposes older people are most happy when they are active and has social interactions. These activities would help these people to not think of the lost life roles after they retire. It assumes a relationship between life satisfaction and activity that is positive.
