What is a consumer credit contract
The Consumer Credit Protection Act (CCPA) is a consumer credit law that was enacted in 1968 to ensure that consumers in the United States would receive only fair and honest credit practices. Some examples included within the law include the Fair Credit Reporting Act (FCRA) and the Truth in Lending Act (TILA). Consumer credit contracts — a contract where a borrower is given credit for personal use, eg through a mortgage, credit card, arranged overdraft, personal or cash loan, or pawnbroking pledge Consumer leases — a lease contract where someone is leasing goods for personal use and either has an option to purchase