Which of the following is the purpose of the Truth in Lending Act?

A. Regulation of fees charged by lenders
B. Establishment of maximum interest rates charged by creditors
C. Limiting the cost of consumer credit
D. Requiring disclosures to consumers regarding the terms and total costs of credit

Answer: D. Requiring disclosures to consumers regarding the terms and total costs of credit
Explanation: The Truth in Lending Act is a consumer protection law designed to ensure that prospective borrowers are given enough information so that they can accurately compare the costs of similar loans offered by different lenders.