HomeDefinitionsCompareDebt Consumer creditThe financial definition for Consumer credit:Credit a firm grants to consumers for the purchase of goods or services. Also called retail credit. Similar MatchesConsumer Advisory Council (CAC)Consumer Advisory Council (CAC)A statutory body established by Congress in 1976. The Council, with 30 members who represent a broad range of consumer and creditor interests, advises the Federal Reserve Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters on which the Board seeks its advice. Consumer Credit Protection Act of 1968Consumer Credit Protection Act of 1968Federal legislation establishing rules for the disclosure of the terms of a loan to protect borrowers. See: Truth in lending. Consumer debentureConsumer debentureAn investment note issued directly to the public by a financial institution. Further SuggestionsConsumer durablesConsumer finance company Consumer goods Consumer interest Consumer Price Index National Foundation for Consumer Credit Click to compare definitions of Consumer credit Click to view definitions beginning co |