Consumer Credit Protection Act

By: Kyle Witthuhn and Joe Cliver

What it is

Enacted on May 29, 1968, the Consumer Credit Protection Act protects employees from being fired by their employers because their wages have been minimized for any one debt. It also limits the amount of an employee's earnings that may be taken away in any one week.

Before the Act

Before the act was passed employers would either fire or take money out of their employee's pay check in order to pay off a debt they might owe.

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Types of People who are Affected

The employees benefit from the act that was passed. It allows them to be awarded a fair amount of pay. Also they can't be affected by any one debt.

Why the Act was Passed

The Consumer Credit Protection Act was passed because employees were having money taken out of their pay checks in order for the employer to pay off a certain debt.