A more thorough explanation:

The Consumer Credit Code, also known as the Uniform Consumer Credit Code (UCCC or U3C), is a law that aims to simplify and modernize consumer credit and usury laws. Its purpose is to protect consumers from unfair practices and improve their understanding of credit transactions.

Only a few states have adopted this code, but it provides important protections for consumers who live in those states. For example, the UCCC requires lenders to disclose the terms of a loan in a clear and understandable way, so that consumers can make informed decisions about borrowing money.

Another example of how the UCCC protects consumers is by setting limits on the amount of interest that lenders can charge. This helps prevent lenders from taking advantage of people who are in a vulnerable financial situation.

Overall, the Consumer Credit Code is an important tool for protecting consumers and ensuring that they are treated fairly when borrowing money.