Concept information
Preferred term
Truth in Lending Act
Definition
- ON MAY 29, 1968, the U.S. Congress passed the Truth in Lending Act (TILA), Public Law 96-32. TILA was designed to promote economy stability by protecting the credit rights of consumers. [Source: Encyclopedia of White-Collar & Corporate Crime; Truth in Lending Act]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/Truth_in_Lending_Act
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