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Katarina [22]
3 years ago
9

What is the purpose of the Truth in Lending Act?

History
2 answers:
Inessa [10]3 years ago
6 0
B.) <span>to keep consumers informed of credit agreements

Hope this helps!</span>
miskamm [114]3 years ago
3 0

Answer: to keep consumers informed of credit agreements.

The Truth in Lending Act of 1968 is meant to promote the informed use of credit. The law requires disclosure of terms and costs of credit agreements. It also standardized the way in which costs are calculated and disclosed. it regulates credit card practices, and provides the means for resolution of credit billing disputes.

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