Consumer Credit in the United States: ReportU.S. Government Printing Office, 1972 - 294 pages |
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Common terms and phrases
agencies amount of credit annual percentage rate APR's areas associated availability of credit average rate borrowers cash credit Chapter commercial banks Commission recommends Commission's competition consumer credit market consumer credit protection consumer credit transactions consumer education consumer finance companies contract costs credit availability credit cards credit grantors credit insurance credit risks credit unions creditors dealer debt debtor default disclosure dual chartering economic effective enforcement examination Exhibit Federal Reserve Federal Reserve System federally chartered finance charge funds garnishment higher rate ceilings increase industry instalment credit institutions interest rate interest rate ceilings legal rate ceilings legislation lenders Lending Act licensed limited low income consumers low rate ceilings lower National outstanding payment percent profits purchase rates of charge regulation remedies restrictions retailers revolving credit sales finance savings and loan Senator small loan sumer supervision supervisory tion Truth in Lending usury workably competitive
Popular passages
Page 92 - And if thy brother be waxen poor, and fallen in decay with thee; then thou shalt relieve him : yea, though he be a stranger, or a sojourner; that he may live with thee.
Page 99 - Sober people, who will give for the use of money no more than a part of what they are likely to make by the use of it, would not venture into the competition.
Page 190 - System, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or be determined by judicial or other authority to be invalid for any reason.
Page 277 - Sale of goods" includes any agreement in the form of a bailment or lease of goods if the bailee or lessee agrees to pay as compensation for use a sum substantially equivalent to or in excess of the aggregate value of the...
Page 28 - ... and the like and, to the extent provided for in the agreement and not prohibited by law, the reasonable attorneys...
Page xxiv - The conditions under which a finance charge may be imposed, including an explanation of the time period, if any, within which any credit extended may be paid without incurring a finance charge. (b) The method of determining the balance upon which a finance charge may be imposed.
Page 28 - If the carrier either sells the goods in the usual manner in any recognized market therefor or if he sells at the price current in such market at the time of his sale or if he...
Page 34 - Holder in Due Course. (1) A holder in due course is a holder who takes the instrument (a) for value; and (b) in good faith; and (c) without notice that it is overdue or has been dishonored or of any defense against or claim to it on the part of any person.
Page 185 - Except as otherwise provided in this section, the amount of the finance charge in connection with any transaction shall be determined as the sum of all charges, payable directly or indirectly by the customer, and imposed directly or indirectly by the creditor as an incident to or as a condition of the extension of credit...
Page 33 - ... garnishment" means any legal or equitable procedure through which the earnings of an individual are required to be withheld for payment of a debt. (2) The maximum part of the aggregate disposable earnings of an individual for any workweek which is subjected to garnishment to enforce...