Answer:
The Truth in Lending Act (TILA) of 1968 is a United States government law intended to advance the educated utilization of buyer credit, by requiring revelations about its terms and cost to institutionalize the way in which costs related with acquiring are determined and revealed.
An Act to defend the consumer regarding the usage of credit by requiring complete honesty of the terms and states of back charges in credit exchanges or in offers to broaden credit; by confining the garnishment of wages; and by making the National Commission on Consumer Finance to study and make suggestions on the requirement for further control of the customer fund industry; and for different purposes