The Consumer Credit Protection Act (CPCA) was enacted in 1968. Its primary goal was to ensure consumers were informed by lenders of the true cost of the credit for which they were applying. Known as Truth in Lending, lenders are legally obligated to disclose all fees associated with credit applications so consumers can shop around for the best deal. Since 1968, the CPCA has sparked a series of other legal protections for consumers relating to credit records and dispute resolution. For more information, visit the Federal Reserve Board's Web site under the consumer information section and read Consumer Handbook to Credit Protection Laws.

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