Question

Government regulations on credit aim to

ensure lenders are repaid.
help borrowers pay on time.
support those borrowing credit.
educate lenders about consumers.

Answer 1

Government regulations on credit aim to **support those borrowing credit**. These regulations are designed to protect consumers from predatory lending practices, ensure transparency in lending terms, and promote fair access to credit. While ensuring lenders are repaid and helping borrowers pay on time are important aspects of the credit system, the primary focus of regulations is generally on protecting and supporting consumers.