Which of the following is a consumer protection provided by the Truth in Lending Act?

The Truth in Lending Act (TILA) is designed to protect consumers in their transactions involving credit and loans, and one of its core provisions is to prevent high-pressure sales tactics. This consumer protection ensures that borrowers are given the necessary information about credit terms and can make informed decisions without being subjected to aggressive sales approaches that could lead to poor financial choices or misunderstandings about loan terms.

By prohibiting high-pressure sales tactics, TILA promotes transparency and helps ensure that consumers feel comfortable and informed during the borrowing process. This is crucial in fostering a fair lending environment where borrowers can compare different credit options on an equal footing, ultimately enhancing consumer rights within the lending system.

The focus on consumer protection serves to create a balanced relationship between lenders and borrowers, promoting responsible lending practices and fostering trust in the credit market.