Truth in Lending Act (TILA) Definition | Finance Strategists | Your Online Finance Dictionary
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Truth in Lending Act (TILA) Definition | Finance Strategists | Your Online Finance Dictionary
The Truth in Lending Act (TILA) is a United States banking law signed in 1968 designed to protect consumers from predatory lenders and creditors. Predatory lending is the practice of issuing loans that unfairly convince consumers to take on a loan that they are unable to pay back. The Truth in Lending Act makes it mandatory for creditors to ...
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