Definitions for "Consumer Credit Protection Act"
Federal law that restricts the amount of an employee's earn- ings that can be garnished to pay creditor debts, including child support.
A federal law passed in 1968 that set out basic consumer credit protections in lending. It includes provisions that force lenders to state borrowing costs clearly.
Federal law that limits the amount that may be withheld from earnings to satisfy child support obligations. States are allowed to set their own limits provided they do not exceed the Federal limits. Regardless of the number or withholding orders that have been served, the maximum that may be withheld for child support is