Which regulation implemented the Truth in Lending Act (TILA)?

The Truth in Lending Act (TILA) is primarily implemented through Federal Reserve Regulation Z. This regulation was established to promote informed use of consumer credit by requiring disclosures about its terms and cost. It mandates that lenders provide borrowers with clear and conspicuous information regarding the terms of credit, including the annual percentage rate (APR), the total costs, and any applicable fees.

Regulation Z aims to prevent misleading lending practices and to ensure that consumers can compare credit offers more effectively. It applies to a wide range of consumer credit transactions, including residential mortgages, car loans, and credit cards. By ensuring transparency in credit transactions, Regulation Z plays a critical role in protecting consumers and enhancing the overall integrity of the credit market.