... Attorney General4 Guide to Consumer Credit Truth In LendingBoth state and federal truth in lending laws require creditors to inform consumers about the costs of the credit transactions they ... the term.6 Guide to Consumer Credit In an open end credit transaction, the creditor must also make certain disclosures, clearly and conspicuously, in writing, in a form the consumer may keep. ... of a credit report.” Your credit report is relied upon by lending institutions, employers, insurance agencies, and future creditors to make decisions about you. For this reason, your credit...