Government regulations on credit aim to: A. Ensure lenders are repaid. B. Help borrowers pay on time.

Government regulations on credit aim to:

A. Ensure lenders are repaid.

B. Help borrowers pay on time.

C. Support those borrowing credit.

D. Educate lenders about consumers

Answer: D. Educate lenders about consumers

Government rules on credit finance institutions not only teach them how to work with different types of borrowers, but also how to protect customers’ rights. In doing so, these regulations certify that through lending, the lenders openly and transparently give out information to the borrowers about the terms and conditions of credit such as their interest rates, fees, and the repayment schedules of their credit. Furthermore, they shield customers from darkness dealings which include bias and predatory dealings or rather hidden game plans. And through educating lenders about consumer credit rights and responsibilities, the credit government regulation on lending ensures the fair and responsible practises of lending, which makes it possible for consumers to make a choice of borrowing credit . The regulations, furthermore, want to provide a simple resolution procedure if consumers are dissatisfied with the banking transaction.