The __________________, passed in 1968, requires the clear explanation of consumer credit costs and garnishment procedures (taking wages or property by legal means) and prohibits overly high-priced credit transactions.
A)Consumer Credit Expansion Act
B)Credit Growth Act
C)Consumer Credit Protection Act
D)Consumer Safety Act
E)none of the above

Question

Quizplus · Accepted Answer

The Consumer Credit Protection Act, passed in 1968, specifically outlines regulations regarding consumer credit costs and garnishment procedures. It also protects consumers from overly high-priced credit transactions.

The __________________, Passed in 1968, Requires the Clear Explanation of Consumer