It's All About the Principal: Preserving Consumers' Right of Rescission Under the Truth in Lending Act
In: North Carolina Law Review, Band 89
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In: North Carolina Law Review, Band 89
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In: http://hdl.handle.net/2027/mdp.39015081170428
Reuse of record except for individual research requires license from Congressional Information Service, Inc. ; CIS Microfiche Accession Numbers: CIS 77 H401-10 ; Includes bibliographical references. ; Microfiche. ; Mode of access: Internet.
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In: Journal of policy history: JPH, Band 30, Heft 2, S. 236-271
ISSN: 1528-4190
Abstract:This article offers the first comprehensive history of the development of mandatory disclosure rules for the cost of consumer credit. In contrast to prior studies, which begin with the creation of federal disclosure rules in 1968, this story starts with state-level laws that were drafted before World War I. By looking back over a longer time period, it reveals the challenges involved in defining "truth" in lending, and how the perceived purpose of a regulatory technique like mandatory disclosure may change over time. Although the modern APR disclosure metric has come to seem natural and inevitable, history shows that lenders and policymakers once hotly debated the design of disclosure rules, with each faction claiming the mantle of "truth." Moreover, policymakers did not always view disclosure as a means to increase price competition, obviating the need for direct price controls. Disclosure was once a complement to usury laws, rather than a substitute.
The purpose of this Article is to take a hard look at the possible objectives of a disclosure statute such as Truth In Lending, and ask the basic question whether these objectives are attainable, and if so, what type of a statute can best effectuate the legislative policies. Given the lawmakers' fascination with disclosure-type legislation in the scheme for protecting consumers, and the myths that accompany such legislation, this undertaking should prove useful.
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In: Student Borrower Protection Center Research Paper
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In: U.S. news & world report, Band 66, S. 100-102
ISSN: 0041-5537
In: Finance & bien commun: revue de l'Observatoire de la Finance = Finance & common good, Band N o 20, Heft 3, S. 24-32
ISSN: 1422-4658
In: The journal of business, Band 44, Heft 1, S. 78
ISSN: 1537-5374
In: Public works management & policy: a journal for the American Public Works Association, Band 1, Heft 3, S. 203-208
ISSN: 1552-7549
Removing transportation trust funds from the federal budget would undermine efforts to reduce the federal deficit and to devolve decision making to the states. Supporters of the policy, moreover, overestimate the nations infrastructure problems and underestimate the costs that transportation users impose on society.
In: Foreign affairs: an American quarterly review, Band 12, Heft 1, S. 33
ISSN: 2327-7793
In: Foreign affairs, Band 12, Heft 1, S. 33
ISSN: 0015-7120
In: Foreign affairs, Band 12, S. 33-45
ISSN: 0015-7120
In: Münsteraner Studien zur Rechtsvergleichung 39
This report discusses the major components of the Consumer Credit Protection Act, as amended, including recent amendments to the Fair Credit Reporting Act (FCRA) and the Truth-in-Lending Act, and summarizes the consumer's right and remedies under each.
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