Asked by maggie Radziszewski on May 28, 2024

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Regulation Z was issued by the Federal Reserve Board of Governors to implement the disclosure requirements of the Truth-in-Lending Act.

Regulation Z

A set of rules issued by the Federal Reserve Board of Governors to implement the provisions of the Truth-in-Lending Act.

Federal Reserve Board Of Governors

The governing body of the Federal Reserve System, overseeing the central banking system of the United States.

Truth-In-Lending Act

A federal law designed to promote the informed use of consumer credit, by requiring disclosures about its terms and cost.

  • Gain insight into how consumer protection laws at the federal and state level are applied.
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Verified Answer

JS
Jacob SewalkMay 28, 2024
Final Answer :
True
Explanation :
Regulation Z was indeed issued by the Federal Reserve Board of Governors to implement the disclosure requirements of the Truth-in-Lending Act, aiming to protect consumers by ensuring lenders provide clear and standardized information about credit terms and costs.