In terms of consumer protection, bank regulation uses

Question

Quizplus · Accepted Answer

Truth in lending and usury ceilings on consumer loan interest rates are both consumer protection regulations used by banks. Truth in lending requires banks to disclose loan terms and costs to borrowers in a clear and understandable manner, while usury ceilings limit the maximum interest rates that lenders can charge on consumer loans. Therefore, both options A and B are correct and the best choice is E. Options C and D are not related to consumer protection in this context.

In Terms of Consumer Protection, Bank Regulation Uses