The Equal Credit Opportunities Act - Read the case situation and answer the question at the end of the case situation. Be complete in your answer.

Jane Thomas applies for automobile financing at Kenwood Cars, Inc. a used-car dealership. The dealership obtains a credit report on her. On the basis of this report, the dealership denies her credit. The manager informs her that she will have to get her husband to cosign her application if she wants dealership financing. She refuses, and sues Kenwood under the Equal Credit Opportunities Act.

1.What was the result and why?

Part II: The Trust-in-Lending Act - Answer the questions below:

1. Under the Truth-in-Lending Act, what is a finance charge?

2. What charges are and are not included as finance charges?