Who implements the Truth in Lending Act through Regulation Z?

The Truth in Lending Act (TILA) is implemented through Regulation Z by the Consumer Financial Protection Bureau (CFPB). This agency was established to oversee and enforce practices that ensure consumers are given clear and accurate information about the costs and terms of credit. Regulation Z addresses various aspects of lending, such as the disclosure of interest rates and fees, allowing consumers to make informed borrowing decisions.

The CFPB's role includes enforcing compliance with TILA's requirements and protecting consumers against unfair and deceptive practices in credit lending. Other agencies, such as the Federal Reserve Board, played a role in the past, particularly before the CFPB was established in 2010, but now the responsibility has primarily shifted to the CFPB. The Office of the Comptroller of the Currency primarily oversees larger national banks, while the Consumer Product Safety Commission deals with consumer products and safety regulations, which are outside the realm of lending practices. Therefore, the correct answer is grounded in the current structure of consumer financial protection and the specific regulatory power held by the CFPB concerning TILA.