Consumer Credit Protection Act

By Evan Ott and Lauren Zaddack

How it was started

In 1968 there were few similar acts such as the Federal wage garnishment law

In 1972 the Law was finally set in stone

Recommendations were made that something needed to be done to help stop identity theft

People wanted full authorization to credit charges and authorizations

Federal or state law?

While this act is a federal law there had been few state laws that were instated before it

Not to the same extent of the Consumer Credit protection act

This was the first Federal law regarding stolen credit

What is the consumer credit protection act?