Truth in Lending Act (TILA) Definition | Finance Strategists | Your Online Finance Dictionary

The Truth in Lending Act (TILA) is a United States banking law signed in 1968 designed to protect consumers from predatory lenders and creditors. Predatory lending is the practice of issuing loans that unfairly convince consumers to take on a loan that they are unable to pay back. The Truth in Lending Act makes it mandatory for creditors to disclose vital information and terms for a credit loan in order to make it easier for the prospective borrower to compare with other, similar financial products. Before the act was passed, many consumers were left confused about what exactly they had signed up for. _______________________ 0:00 What is Truth in Lending Act (TILA)? 0:44 What is Included in TILA? 1:30 TILA Loans 1:56 TILA Regulations 2:33 Truth in Lending Act Question _______________________ Talk with an advisor by emailing [email protected] Learn more by visiting the page: https://www.financestrategists.com/te... Check out the main Finance Strategists YouTube Page here:    / @financestrategists4468   _______________________ Message from the founder: Here at Finance Strategists, we believe one of the best ways you can help someone is with their finances. We create helpful informational videos and content to help people take control of their finances. Finance Strategists plans to launch "Finance Strategists for Kids" where we teach fundamental financial concepts to kids in a clear manner allowing them to generate margin in their lives to bless other people. We believe raising up a generation of leaders with financial freedom can change individual lives, neighborhoods, countries, and the world. _________________________ 🔔 Hit the bell next to Subscribe so you don't miss a video! 📧 Fill out this form to receive the "Finance Word of the Day" in your inbox! 👨🏻‍💻 Watch our newest vids! - https://bit.ly/FS-Recently-Added 💃 To book Ranie for voiceover or spokeswoman, email [email protected] _________________________ Follow us on Socials: Website: FinanceStrategists.com Instagram: @financetrategists Twitter: @FinStrategists LinkedIn: https://bit.ly/FS-linkedin Facebook: https://bit.ly/Facebook-FS