<Table> Truth in Lending Act <Tr> <Td_colspan="2"> </Td> </Tr> <Tr> <Th> Long title </Th> <Td> An Act to safeguard the consumer in connection with the utilization of credit by requiring full disclosure of the terms and conditions of finance charges in credit transactions or in offers to extend credit; by restricting the garnishment of wages; and by creating the National Commission on Consumer Finance to study and make recommendations on the need for further regulation of the consumer finance industry; and for other purposes . </Td> </Tr> <Tr> <Th> Acronyms (colloquial) </Th> <Td> TILA, CCPA </Td> </Tr> <Tr> <Th> Nicknames </Th> <Td> Consumer Credit Protection Act </Td> </Tr> <Tr> <Th> Enacted by </Th> <Td> the 90th United States Congress </Td> </Tr> <Tr> <Th> Effective </Th> <Td> May 29, 1968 </Td> </Tr> <Tr> <Th_colspan="2"> Citations </Th> </Tr> <Tr> <Th> Public law </Th> <Td> 90 - 321 </Td> </Tr> <Tr> <Th> Statutes at Large </Th> <Td> 82 Stat. 146 </Td> </Tr> <Tr> <Th_colspan="2"> Codification </Th> </Tr> <Tr> <Th> Titles amended </Th> <Td> 15 U.S.C.: Commerce and Trade </Td> </Tr> <Tr> <Th> U.S.C. sections created </Th> <Td> 15 U.S.C. ch. 41 § 1601 </Td> </Tr> <Tr> <Th_colspan="2"> Legislative history </Th> </Tr> <Tr> <Td_colspan="2"> <Ul> <Li> Introduced in the Senate as S. 5 by William Proxmire (D--WI) on January 11, 1967 </Li> <Li> Committee consideration by Senate Banking Committee, House Committee on Banking and Currency </Li> <Li> Passed the Senate on July 11, 1967 (92--0) </Li> <Li> Passed the House on February 1, 1968 (383--4, in lieu of H.R. 11601) with amendment </Li> <Li> House agreed to House amendment on May 22, 1968 (agreed) with further amendment </Li> <Li> Senate agreed to House amendment on May 22, 1968 (agreed) </Li> <Li> Signed into law by President Lyndon B. Johnson on May 29, 1968 </Li> </Ul> </Td> </Tr> <Tr> <Th_colspan="2"> Major amendments </Th> </Tr> <Tr> <Td_colspan="2"> Credit CARD Act of 2009 Dodd--Frank Wall Street Reform and Consumer Protection Act Economic Growth, Regulatory Relief and Consumer Protection Act </Td> </Tr> </Table> <Tr> <Th> Long title </Th> <Td> An Act to safeguard the consumer in connection with the utilization of credit by requiring full disclosure of the terms and conditions of finance charges in credit transactions or in offers to extend credit; by restricting the garnishment of wages; and by creating the National Commission on Consumer Finance to study and make recommendations on the need for further regulation of the consumer finance industry; and for other purposes . </Td> </Tr>

The truth in lending act applies to private individuals who loan money