The Truth in Lending Act (TILA) is intended to furnish the consumer with a better opportunity to shop for credit among merchants, finance companies, credit unions, and banks.

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The Truth in Lending Act (TILA) was passed to promote the informed use of consumer credit by requiring disclosures about its terms and cost. This allows consumers to compare credit options from different lenders and make informed decisions about what is best for their situation.

The Truth in Lending Act (TILA) Is Intended to Furnish