Many regulatory changes go into effect in 2009 and 2010 as the government works to increase the knowledge of consumers who are shopping for credit.

Anecdotal evidence of abusive practices in the home equity lending market led to the enactment of the Home Ownership Equity Protection Act (HOEPA). The act was amended in late 2001, and compliance under the new rules becomes mandatory on Oct. 1, 2002. The rate-based trigger was lowered by 2...

To understand how these amendments affect a typical home equity loan, a loan example has been developed that incorporates the changes in the regulation. The annual percentage rate test and the points and fees test are applied to a loan example.

At the end of Ninteenth century and beginning of Twentieth entry starts a movement with name consumerism. The consumerists' movement, (in domain of politics) is consumer protection which seeks to protect and inform consumers by requiring such practices as honest packaging and advertising,...