The Consumer Credit Protection Act (CCPA) is a United States law , composed of several titles relating to consumer credit, mainly title I, the

Truth in Lending Act The Truth in Lending Act (TILA) of 1968 is a United States federal law designed to promote the informed use of consumer credit, by requiring disclosures about its terms and cost to standardize the manner in which costs associated with borrowing ...

, title II related to extortionate credit transactions, title III related to restrictions on

wage garnishment Garnishment is a legal process for collecting a monetary judgment on behalf of a plaintiff from a defendant. Garnishment allows the plaintiff (the "garnishor") to take the money or property of the debtor from the person or institution that holds t ...

, and title IV related to the National Commission on Consumer Finance. The restrictions on wage garnishment guard employees from discharge by their employers because their wages have been garnished for any one indebtedness. The

Wage and Hour Division The Wage and Hour Division (WHD) of the United States Department of Labor is the Federal government of the United States, federal office responsible for enforcing federal labor laws. The Division was formed with the enactment of the Fair Labor St ...

of the

United States Department of Labor The United States Department of Labor (DOL) is one of the executive departments of the U.S. federal government. It is responsible for the administration of federal laws governing occupational safety and health, wage and hour standards, unemp ...

enforces the provisions. The informed use of credit is administered by the

United States Congress The United States Congress is the legislature, legislative branch of the federal government of the United States. It is a Bicameralism, bicameral legislature, including a Lower house, lower body, the United States House of Representatives, ...

and stabilizes economic acts to be enhanced with competition informed unto various

financial institution A financial institution, sometimes called a banking institution, is a business entity that provides service as an intermediary for different types of financial monetary transactions. Broadly speaking, there are three major types of financial ins ...

s that are engaged in extension of consumer credit that would be strengthened otherwise by informed credit use. Titles: *

Fair Credit Reporting Act The Fair Credit Reporting Act (FCRA), 15 U.S.C. § 1681 ''et seq.'', is federal legislation enacted to promote the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies. It was intended ...

* Credit Repair Organizations Act *

Fair Debt Collection Practices Act The Fair Debt Collection Practices Act (FDCPA), Pub. L. 95-109; 91 Stat. 874, codified as –1692p, approved on September 20, 1977 (and as subsequently amended), is a consumer protection amendment, establishing legal protection from abusive d ...

References

Cornell University Law School Webpage

External links

Consumer Credit Protection ActPDFdetails
as amended in the GPObr>Statute Compilations collection

Public Law 90-321, 90th Congress, S. 5: Consumer Credit Protection Act
{{Authority control Consumer protection legislation United States federal labor legislation 1968 in American law 90th United States Congress 1968 in the United States