Finance Charges Included or Not? The NCUA’s Interest Rate Ceiling

Posted on March 01, 2023

In conventional Truth in Lending(TILA)/Regulation Z compliance, the interest is one of several finance charges making up the larger “Finance Charge.” These “smaller” finance charges are the various fees charged for borrowing money, and taken together, tally up to the Finance Charge, which is defined as the cost of credit expressed as a dollar amount...

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