Consumer Credit Regulation: Illusion or Reality?
Fifteen years ago, retail installment sales financing was governed by common law. Problems with the situation resulted in the enactment of retail installment sales acts which involved a degree of disclosure. Confusion resulted, and in 1960, the Truth In Lending Act was proposed for commonality in di...
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| Veröffentlicht in: | The Business lawyer 1978-02, Vol.33 (2), p.1145-1171 |
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| container_end_page | 1171 |
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| container_issue | 2 |
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| container_title | The Business lawyer |
| container_volume | 33 |
| creator | FELSENFELD, CARL GOLDFARB, LEWIS H. JOHNSON, ROBERT W. McMANUS, RICHARD P. PRINS, CURTIS A. |
| description | Fifteen years ago, retail installment sales financing was governed by common law. Problems with the situation resulted in the enactment of retail installment sales acts which involved a degree of disclosure. Confusion resulted, and in 1960, the Truth In Lending Act was proposed for commonality in disclosure. Since then, proscriptions have been increasingly federalized. Economic stabilization, sound credit practices, increased competition, bankruptcy effectiveness, consumer awareness, and privacy are reasons for credit legislation. Qualitative changes in consumer credit have been achieved by computer technology, the possible danger to privacy, activism of consumers, and the appearance of new business practices, e.g., EFTS. Criticism of consumer credit regulations includes the fact that disclosure is defeated if it comes at a time when it is impossible for consumers to exercise comparison and choice. |
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| identifier | ISSN: 0007-6899 |
| ispartof | The Business lawyer, 1978-02, Vol.33 (2), p.1145-1171 |
| issn | 0007-6899 2164-1838 |
| language | eng |
| recordid | cdi_proquest_reports_228479112 |
| source | HeinOnline Law Journal Library; Periodicals Index Online; Jstor Complete Legacy |
| subjects | Attorneys Bank loans Commercial regulation Consumer credit Consumer Credit Protection Act 1969-US Consumer economics Consumer protection Consumers Credit Economic regulation EFTS Electronic funds transfer systems Financing Growth Industrial regulation Installment purchases Installment sales Legislation Regulation Regulatory legislation Sumer |
| title | Consumer Credit Regulation: Illusion or Reality? |
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