1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
serg [7]
3 years ago
13

What is the purpose of the Truth in Lending Act?

History
2 answers:
Firdavs [7]3 years ago
3 0
To promote the informal use of consumer credit. 
balandron [24]3 years ago
3 0

Answer:

The purpose of the Truth in Lending Act of 1968 was to protect consumer rights when deciding to apply for credit by forcing financial institutions to release information on terms and conditions of banking loans and to disclose how a credit cost is calculated, as well as to allow consumers to cancel certain credit transactions, when the circumstances required it.

This Act, which is better known as TILA, was passed on May 29th, 1968 and it managed to regulate the way that information on consumer credits was being delivered to consumers before they decided to acquire such credit. The main purpose of the Act was to protect consumers from unknown information on loans that could endanger their financial security and credit history.

You might be interested in
Factors Leading to European Exploration​
Slav-nsk [51]

Answer:

A primary factor of European Exploration was when Christopher Columbus was supposed to go to India, but arrived in the Americas.

Explanation: This was the main factor. Hope this helps!

7 0
3 years ago
Read 2 more answers
The Romans conquered the remaining latins but not before conquering the Greeks true or false?​
andrew11 [14]

Answer:

True

Explanation:

The Romans conquered the remaining Latins, but not before conquering the Greeks.

3 0
2 years ago
One of the few differences between Korea and Vietnam was the outcome of the conflicts. Contrast the outcome of the two conflicts
sweet [91]
1) Vietnam war was officially ended whereas Korean War ended in a Cease-Fire which means it never ended in official way

2) Korea was a short war and Vietnam was a Long war

3) Korea was like WW2 Whereas Vietnam was similar to Guerilla War

Hope this helps!
8 0
2 years ago
Which of these actions of the Federal Reserve can slow economic growth?
elixir [45]

D) The Federal Reserve increases the discount rate, which causes interest rates to rise and people to save rather than to spend. This action by the Federal Reserve slows the economic growth.

<u>Explanation</u>:

The <u>Federal Reserve </u>is the “central bank" of the United States of America. The Federal Reserve System is responsible for the money supply. The federal government follows <u>Fiscal Policy </u>to control recessions and encourage economic activity.

The Federal Reserve System expands or contracts the money supply based on <u>monetary policy</u>. The spending of consumers is automatically reduced, when the government increases the taxes on the product. This led to increase in saving the money rather than spending.

4 0
2 years ago
Read 2 more answers
so just to be clear did george Washington die from a disease that had something to do woth his wooden dentures?
Igoryamba

The infection from his wooden teeth could have played a bit of a role in his death but that was not the FULL reason of death.

3 0
2 years ago
Other questions:
  • In addition to making cars, Henry Ford is best known for ___
    5·2 answers
  • What events led the new nation to write the constitution?
    11·1 answer
  • What was the Chinese people seeking freedom from during the 13th and 14th centuries
    13·1 answer
  • What might you find in a Paleolithic cave
    7·1 answer
  • Choose a geographic area to study. This can be a state, a specific region within a state, or a specific region of the country (s
    7·1 answer
  • 6. Which of the following trade blocs features a common currency?
    6·2 answers
  • How did the assassination of the Archduke of Austria-Hungary lead to war
    10·1 answer
  • WHAT IS THE MEANING OF LIFE.
    11·1 answer
  • why did the national colonization law did not allow foreign settlers to settle on or near boundaries and coastlines
    5·1 answer
  • Which of these civilizations were in Central America?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!