This federal law is primarily concerned with disclosures and advertising.

• A. The Truth-in-Lending Act
• B. The Fair Credit Reporting Act
• C. The Equal Credit Opportunity Act
• D. The Home Mortgage Disclosure Act

Answer: (A)

Disclosures and advertising rules for consumer credit are the core focus here. The Truth-in-Lending Act requires lenders to clearly reveal the costs and terms of credit, including the annual percentage rate (APR), finance charges, total payments, and repayment schedule, so borrowers can compare offers. It also governs how credit terms can be advertised, ensuring that any advertised rates or terms present a truthful, not misleading, picture and include required disclosures when necessary. These requirements are designed to make the true cost of credit transparent and comparable across lenders, which is why this act is the best fit for a question about disclosures and advertising. The other laws cover different areas: the Fair Credit Reporting Act deals with how consumer credit information is collected and shared; the Equal Credit Opportunity Act addresses nondiscrimination in lending; and the Home Mortgage Disclosure Act focuses on data collection and reporting for mortgage lending.