Which entity primarily enforces Regulation Z?

The Consumer Financial Protection Bureau (CFPB) is the primary entity responsible for enforcing Regulation Z, which is part of the Truth in Lending Act. The CFPB's role includes overseeing compliance with consumer financial protection laws, ensuring that lenders disclose key information about terms and costs in a clear and transparent manner. This helps consumers understand the true cost of credit and make informed financial decisions.

While the Federal Reserve Board did have oversight of Regulation Z in the past, the Dodd-Frank Wall Street Reform and Consumer Protection Act transferred that responsibility to the CFPB. The Department of Housing and Urban Development and the Office of the Comptroller of the Currency also have roles in financial regulation, but they do not primarily enforce Regulation Z. This clear delineation of responsibilities underscores the CFPB’s unique position in protecting consumers' rights related to credit and lending practices.