What laws exist today to give consumers fuller disclosure about the terms and risks of taking on credit?
Answer to relevant QuestionsWhat legal protections are available today to protect borrowers against discrimination? Against predatory lending?How is the changing age structure of the population likely to affect consumer loan programs? What other forces are reshaping household lending today?Why do interest rates on consumer loans typically average higher than on most other kinds of loans?What term in the consumer lending field does each of the following statements describe?The Bender family has been planning a vacation to Europe for the past two years. Tabb Savings agrees to advance a loan of $8,000 to finance the trip provided the Benders pay the loan back in 12 equal monthly installments. ...
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