On the recordMarch 20, 1966
I therefore renew my recommendation for legislation requiring lenders to state the full cost of credit, simply and clearly, and to state it before any credit contract is signed.
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presidency.ucsb.eduI therefore renew my recommendation for legislation requiring lenders to state the full cost of credit, simply and clearly, and to state it before any credit contract is signed.
Special Message to the Congress on Consumer Interests.
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But the Congress today has shown that if we have the will, there is a way.
This is a victory for every American because the only true path to progress for a free people is the one we will take when this legislation is made the law of the land.