A second type of regulation designed to product consumers is the truth-in-lending law. This is based on the Consumer Credit protection Act of 1968, which requires lenders to make a complete and accurate disclosure, in easy-to-understand language, of the precise terms of credit, particularly the absolute amount of interest and other credit charges and the annual interest rate on the unpaid balance. A third type of consumer protection is provided by the Consumer Product Safety Commission, which was established in 1972 to (1) protect consumers against risk and injury associated with the use of some products,(2) provide information to consumers for comparing and evaluating the relative safety in the use of various products, and (3) develop uniform safety standards for many products. During the first five years of operation, the commission recalled more than 20 million units of various products but has been criticized by consumer groups for concentrating on unimportant products and by business for unreasonably high standards of product safety and for the very high cost of compliance.