A primary purpose of the federal Consumer Credit Protection Act is to

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The federal Consumer Credit Protection Act requires creditors to disclose information about their finance charges, including how they are calculated and any fees associated with the credit. This information must be provided to consumers before they sign a contract for credit. The Act also includes provisions regarding credit reporting and debt collection, but the primary purpose is to protect consumers from unfair or deceptive credit practices by requiring transparency and disclosure.

A Primary Purpose of the Federal Consumer Credit Protection Act