Consumer Credit Protection Act
From Wikipedia, the free encyclopedia
The United States federal wage garnishment law, widely known as the Consumer Credit Protection Act guards employees from discharge by their employers because their wages have been garnished in any one week. It was approved by the government in 1968. The Wage and Hour Division of the Department of Labor includes the Employment Standards Administration, who administers the act. The informed use of credit is administered by Congress and stabilizes economic acts to be enhanced with competition informed unto various financial institutions that are engaged in extentsion of consumer credit that would be strengthened otherwise by informed credit use.
Congress added new Acts to be included within the Consumer Credit Protection Act. These acts amended the act to include other issues experienced by consumers. These are: