Why Are Loan Transactions Among the Most Heavily Scrutinized Consumer

question 61

Essay

Why are loan transactions among the most heavily scrutinized consumer contracts? What protections are provided to consumers?

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Definitions:

Interstate Commerce Commission

A regulatory agency in the United States established to oversee railroad operations and later expanded to oversee other modes of transportation.

Deregulation

The process of removing or reducing state regulations, typically in the economic sphere to encourage more competition within the industry.

Airlines Industry

An industry composed of companies that provide air transport services for traveling passengers and freight.

Airfares

The amount charged by airlines for a ticket to travel on an aircraft.