Washington, DC - The staff of the Federal Trade Commission has provided its 2014 Annual Financial Acts Enforcement Report to the Consumer Financial Protection Bureau on enforcement and related activities regarding Regulation Z (Truth in Lending Act), Regulation M (Consumer Leasing Act), and Regulation E (Electronic Fund Transfer Act).

The report on TILA, CLA and EFTA addresses, among other things, the FTC’s enforcement actions related to non-mortgage credit (including automobile purchases and financing, and payday lending), mortgage loan advertising, and forensic audit scams; rulemaking, research, and policy development related to truth in lending; and consumer and business education regarding truth in lending requirements. It also addresses consumer leasing enforcement actions, as well as negative option and other cases involving electronic fund transfers.

A copy of the report also has been provided to the Federal Reserve Board. (FTC File No. P154802; the staff contacts are Carole L. Reynolds and Yaa Apori, Bureau of Consumer Protection, 202-326-3230 and 202-326-3796).

The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them.