Which of the following federal statutes requires creditors to disclose finance charges, including interest, points, and other fees paid?

Question

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The Truth-in-Lending Act (TILA) requires creditors to disclose finance charges, including interest, points, and other fees paid by the borrower. TILA provides consumers with the right to rescind certain credit transactions with a three-day cooling-off period, during which time they can cancel the transaction without penalty. TILA also regulates certain credit card practices, such as late fees and over-the-limit fees.

Which of the Following Federal Statutes Requires Creditors to Disclose