Promotes the informed use of consumer credit by requiring disclosures regarding terms and cost. Helps consumers “comparison shop” for credit. Gives consumers the right to cancel certain credit transactions involving a lien on a consumer’s principal dwelling (3 day right of rescission). Regulates certain credit card practices, and provides a means for fair and timely resolution of credit billing disputes. Requires a maximum interest rate be stated in variable-rate contracts secured by the consumer’s dwelling. It also imposes limitations on certain home equity and mortgage loans.