write a short review for me to the classmate on this, According to (Hinkel, 2021, p. 506), "the Truth-in-Lending Act (the Act) was passed by Congress on July 1, 1969. It was aimed at economically stabilizing and strengthening the competition among financial institutions by providing a means for the informed use of credit. A primary purpose of the Act was to protect consumers against inaccurate and unfair billing practices and to facilitate the informed use of credit by requiring the disclosure of credit terms in such a manner that consumers can readily compare the various terms available from different lenders. In addition to the disclosure of credit terms, The Truth-in-Lending Act provides the consumer homeowner with a right of rescission. The right of rescission gives the consumer, whose principal dwelling may be encumbered to secure a real estate loan, a three-business-day cooling-off period to consider the transaction and to cancel it for any reason without penalty." On page 506 Hinkel also states, "a borrower may rescind a transaction by notifying the lender in writing during the rescission period. A borrower has until midnight of the third business day following the receipt of a notice of right to rescind in which to rescind the transaction. For example, if a loan is closed on a Tuesday and the notice of right of rescission is given on the same day, the borrower has until midnight of Friday in which to rescind the loan. The rescission is effective on mailing of the not