Please no patronizing or condescending remarks please. I am currently taking Fundamentals of Corporate Finance. I have recently learned about EAR's, or as I like to call them real rates. I understand about the Truth in Lending Act congress passed because they couldn't do the math themselves to figure out what borrower's were really paying. My question is that now after all these years have passed why don't they amend this act and require lenders to quote the EAR instead? after all there is a big difference in paying back 18% versus 19.56%. Are finance people just as crooked as Congress now? They rather not let the unsuspecting borrower know they are actually paying back more than they realize?