Congress passed the ________ which requires lenders to disclose the finance charge and the annual percentage rate.

A) Fair Credit Reporting Act
B) Equal Credit Opportunity Act
C) Truth-in-Lending Act
D) Fair Debt Collection Practices Act

The Truth-in-Lending Act (TILA) requires lenders to disclose the finance charge and the annual percentage rate to consumers before they sign a loan agreement. This law was created to provide transparency and protect consumers from hidden costs or confusing terms in credit agreements.