Consumer Credit Protection Act
/ˈkɒn.sjuː.mər ˈkrɛd.ɪt prəˈtɛk.ʃən ækt/
Definitions
- (n.) A federal law enacted in 1968 aimed at protecting consumers in their credit transactions by promoting informed use of credit, prohibiting discriminatory practices, and setting standards for credit disclosures.
The Consumer Credit Protection Act requires lenders to provide clear information about the terms of a loan.
Forms
- consumer credit protection act
Related terms
See also
Commentary
Often abbreviated as CCPA, this act encompasses multiple titles addressing various aspects of consumer credit; when drafting, specify the relevant title for clarity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.