FTC Issues Annual Financial Acts Enforcement Report to Federal Reserve

The Federal Trade Commission issued its annual report to the Federal Reserve Board on FTC enforcement activities regarding the Equal Credit Opportunity Act, Electronic Fund Transfer Act (EFTA), Consumer Leasing Act, and Truth in Lending Act. This year’s report also discusses FTC activities under the Dodd-Frank Wall Street Reform and Consumer Protection Act, such as enforcement of new EFTA requirements and the FTC’s new authority over motor vehicle dealers.

The report is now available on the FTC’s Website and as a link to this press release. The Commission vote approving issuance of the report was 5-0. (FTC File No. P064808; the staff contacts are Carole L. Reynolds, 202-326-3230, and Laura Johnson, 202-326-3035, Bureau of Consumer Protection.)