[DOWNLOAD] "Household Credit Services, Inc. v. Pfennig" by Supreme Court of the United States " eBook PDF Kindle ePub Free

July 26, 2021

eBook details

Title: Household Credit Services, Inc. v. Pfennig
Author : Supreme Court of the United States
Release Date : January 21, 2004
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 78 KB

Description

Congress enacted the Truth in Lending Act (TILA), 82 Stat. 146, in order to promote the "informed use of credit" by consumers. 15 U. S. C. 1601(a). To that end, TILAs disclosure provisions seek to ensure "meaningful disclosure of credit terms." Ibid. Further, Congress delegated expansive authority to the Federal Reserve Board (Board) to enact appropriate regulations to advance this purpose. 1604(a). We granted certiorari, 539 U. S. 957 (2003), to decide whether the Boards Regulation Z, which specifically excludes fees imposed for exceeding a credit limit (over-limit fees) from the definition of "finance charge," is an unreasonable interpretation of 1605. We conclude that it is not, and, accordingly, we reverse the judgment of the Court of Appeals for the Sixth Circuit.