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29-04-2021
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What is the purpose of credit legislation and what is its impact on individuals, companies, and financial institutions?

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izzyisabellalaw izzyisabellalaw

29-04-2021

Answer:

here ;)

Explanation:

Its purpose is to protect consumers obtaining credit to finance their transactions, ensure that adequate credit is provided, and govern the credit industry in general. In 1968, Congress passed the Consumer Credit Protection Act in part to regulate the consumer credit industry.

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