Consumer Credit Protection Act of 1968

(colloquial)CCPA, TILANicknamesTruth in Lending ActEnacted bythe 90th United States CongressEffectiveMay 29, 1968CitationsPublic law90-321Statutes at Large82 Stat. 146CodificationTitles amended15 U.S.C.: Commerce and TradeU.S.C. sections created15 U.S.C. ch. 41 § 1601Legislative history

Introduced in the Senate as S. 5 by William Proxmire (D–WI) on January 11, 1967
Committee consideration by Senate Banking Committee, House Committee on Banking and Currency
Passed the House on February 1, 1968 (383–4)
Passed the Senate on July 11, 1967 (92–0) with amendment
House agreed to Senate amendment on May 22, 1968 (agreed) with further amendment
Senate agreed to House amendment on May 22, 1968 (agreed)
Signed into law by President Lyndon B. Johnson on May 29, 1968

Major amendmentsDodd–Frank Wall Street Reform and Consumer Protection Act
Economic Growth, Regulatory Relief and Consumer Protection Act

The Consumer Credit Protection Act (CCPA) is a United States law Pub. L.Tooltip Public Law (United States) 90–321, 82 Stat. 146, enacted May 29, 1968, composed of several titles relating to consumer credit, mainly title I, the Truth in Lending Act, title II related to extortionate credit transactions, title III related to restrictions on wage garnishment, and title IV related to the National Commission on Consumer Finance.

The restrictions on wage garnishment guard employees from discharge by their employers because their wages have been garnished for any one indebtedness. The Wage and Hour Division of the United States Department of Labor enforces the provisions. The informed use of credit is administered by the United States Congress and stabilizes economic acts to be enhanced with competition informed unto various financial institutions that are engaged in extension of consumer credit that would be strengthened otherwise by informed credit use.^{[citation needed]}

Titles:

References

Cornell University Law School Webpage
FDIC Regulations- Consumer Credit Protection Act

External links

Consumer Credit Protection Act (PDF/details) as amended in the GPO Statute Compilations collection
FDIC Laws, Regulations, Related Acts- Consumer Protection
US CODE: Title 15, Chapter 41- Consumer Credit Protection
Public Law 90-321, 90th Congress, S. 5: Consumer Credit Protection Act

Lyndon B. Johnson

36th President of the United States (1963–1969)
37th Vice President of the United States (1961–1963)
U.S. Senator from Texas (1949–1961)
U.S. Representative for TX–10 (1937–1949)

Presidency
(timeline)

Foreign policy	Johnson Doctrine Dominican Republic occupation Vietnam War Gulf of Tonkin Resolution "Credibility gap" Glassboro Summit Outer Space Treaty Operation CHAOS
Domestic policy	Administrative Conference of the United States (1964) Cannabis policy Civil Rights Act of 1964 Equal Employment Opportunity Commission Executive Order 11246 (1965) Flood Control Act of 1965 Immigration and Nationality Act of 1965 Voting Rights Act of 1965 Child Nutrition Act 1966; School Breakfast Program Uniform Time Act (1966) White House Conference on Civil Rights (1966) Age Discrimination in Employment Act of 1967 Executive Order 11375 (1967) Civil Rights Act of 1968 Gun Control Act of 1968 Omnibus Crime Control and Safe Streets Act of 1968 Law Enforcement Assistance Administration
Economic policy	Revenue Act of 1964 Urban Mass Transportation Act of 1964 Urban Mass Transportation Administration Coinage Act of 1965 Food and Agriculture Act of 1965 High-Speed Ground Transportation Act of 1965 U.S. Department of Housing and Urban Development (1965) Cigarette Labeling and Advertising Act (1966) Fair Packaging and Labeling Act (1966) National Traffic and Motor Vehicle Safety Act (1966) Tax Adjustment Act of 1966 Agricultural Fair Practices Act of 1967 U.S. Department of Transportation (1967) Wholesome Meat Act (1967) Architectural Barriers Act of 1968 Consumer Credit Protection Act of 1968 Truth in Lending Act Federal-Aid Highway Act of 1968 Housing and Urban Development Act of 1968 Ginnie Mae National Flood Insurance Act of 1968 National Flood Insurance Program Radiation Control for Health and Safety Act of 1968 Revenue and Expenditure Control Act of 1968 Williams Act (1968)
Environmental policy	Wilderness Act (1964) Land and Water Conservation Fund (1965) Motor Vehicle Air Pollution Control Act of 1965 Rivers and Harbors Act of 1965 Solid Waste Disposal Act of 1965 Clean Waters Restoration Act (1966) National Wildlife Refuge System Administration Act of 1966 Air Quality Act of 1967 National Wild and Scenic Rivers System (1968)
Great Society/ War on Poverty	Economic Opportunity Act of 1964 Community Action Agencies Head Start Job Corps Office of Economic Opportunity Food Stamp Act of 1964 Food Stamp Program AmeriCorps VISTA (1965) Elementary and Secondary Education Act (1965) Higher Education Act of 1965 FAFSA Federal Family Education Loan Program Federal Work-Study Program Pell Grant Stafford Loan Student loans in the United States Teacher Corps TRIO Upward Bound National Foundation on the Arts and the Humanities 1965; National Endowment for the Arts National Endowment for the Humanities Older Americans Act (1965) Administration on Aging Public Works and Economic Development Act of 1965 Economic Development Administration Social Security Amendments of 1965 Medicare Medicaid Model Cities Program (1966) National Historic Preservation Act 1966; National Register of Historic Places National Historic Landmark State Historic Preservation Office Bilingual Education Act (1967) Public Broadcasting Act of 1967 Corporation for Public Broadcasting PBS NPR