FTC Staff Provides Annual Financial Acts Enforcement Report to Consumer Financial Protection Bureau

The staff of the Federal Trade Commission has provided its 2016 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, payday lending, and consumer electronics financing, mortgage-related credit such as forensic audit scams, leasing, and negative options and other cases involving electronic fund transfers.  It also provides information about the FTC’s efforts regarding consumer and business education, research, and policy development related to truth in lending, leasing, and electronic fund transfers.

A copy of the report also has been provided to the Federal Reserve Board.

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