Ford Motor Credit Co. v. Mells

Marshall, Justice.

This case is here on certiorari. It requires us to journey into the labyrinthian provisions of the Truth in Lending Act (TILA) and the implementing Federal Reserve Board Regulation Z. 15 USC § 1601 et seq.; 12 CFR § 226.1 et seq. The Court of Appeals has held that under *107language employed in Ford Motor Credit Co. v. Milhollin, 444 U. S. 555 (100 SC 790, 63 LE2d 22) (1980), a creditor violates TILA and Regulation Z by failing to disclose on the face of a credit agreement differing methods used to rebate unearned finance charges on acceleration triggered by default and on…