The Truth in Lending law is designed to protect
A) corporate borrowers.
B) banks.
C) consumers.
D) investors in municipal bonds.

Question

Quizplus · Accepted Answer

The Truth in Lending law, also known as the TILA, is a federal law designed to protect consumers from unfair or deceptive lending practices. It requires lenders to disclose key terms and costs of borrowing to consumers in order to help them make informed decisions about borrowing money.

The Truth in Lending Law Is Designed to Protect