Which regulation is responsible for enforcing the Truth in Lending Act?

The Truth in Lending Act (TILA) is enforced by Regulation Z. This regulation is specifically designed to implement the provisions of TILA, focusing on ensuring that lenders provide clear and consistent information about the terms and costs of credit. This includes requirements for disclosing annual percentage rates (APRs), finance charges, and other key loan terms in a way that enables consumers to make informed decisions. Regulation Z also outlines the rights of consumers, as well as the obligations of lenders, ensuring transparency in the lending process.

The other regulations mentioned serve different purposes; for instance, Regulation Y covers the procedures for financial holding companies and the regulation of certain financial institutions, while Regulation B implements the Equal Credit Opportunity Act, which addresses discrimination in lending. Regulation X pertains to the Real Estate Settlement Procedures Act (RESPA), focusing on transparency in real estate transactions, particularly regarding closing costs and settlement services.