Understand federal legislation requires standardized disclosures regarding terms and how fees are calculated prohibits unfair mortgage lending practices allows consumers to exercise their rights regarding disputes and billing errors prohibits unfair and abusive credit practices and ensures fees are transparent match them plz truth in lending act fair credit billing act credit card act closed end credit

The fair credit billing acts purpose is to protect consumers from unfair billing practices and to provide a mechanism for addressing billing errors in "open end" credit accounts.

The truth lending act designed to promote the informed use of consumer credit.

Closed end Credit is a type of credit that should be repaid in full amount by the end of the term, by a certain date and time.

The credit card act is an act to make sure fair practices and transparent practices are used for a open end credit consumers.

Hope this helps.

:p