TRUTH IN LENDING ACT - TILA
Federal law which seeks to protect consumers against deceitful acts of creditors and lenders. Enacted in 1968, the Federal Reserve is implementing the act through various regulations. One of the most significant aspects of the legislation is the information that must be disclosed to a borrower before extending credit including annual percentage rate, loan rate, and total costs to the borrower. These details should reflect on documents shown to the customer before signing, as well as on periodic billing statements.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
