credit law

Credit law governs how consumers and lenders interact regarding loans, credit cards, and financial agreements. It ensures fair practices, protects consumers from unfair or deceptive behavior, and establishes rights regarding borrowing, repayment, and dispute resolution. Key aspects include disclosure of terms, honest reporting, and procedures for addressing errors or fraud. These laws help maintain trust in the financial system and promote responsible lending, ensuring that both parties understand their rights and obligations throughout the credit relationship.