The Consumer Credit Protection Act, Pub.L. 90-321, 82 Stat. 146, enacted June 29, 1968, composed of several titles relating to consumer credit, mainly title I, the Truth in Lending Act, title II related to extortionate credit transactions, title III related to restrictions on wage garnishment, and title IV related to the National Commission on Consumer Finance.
The restrictions on wage garnishment guard employees from discharge by their employers because their wages have been garnished in any one week. The Wage and Hour Division of the United States Department of Labor, which includes the Employment Standards Administration, enforces the provisions. The informed use of credit is administered by the United States Congress and stabilizes economic acts to be enhanced with competition informed unto various financial institutions that are engaged in extension of consumer credit that would be strengthened otherwise by informed credit use.