What does Regulation Z also refer to?

Regulation Z is fundamentally linked to the Truth in Lending Act (TILA). It was established to promote informed use of consumer credit by requiring disclosures about its terms and cost. This regulation mandates that lenders provide clear information about the costs and terms of borrowing, helping consumers understand the implications of taking out loans and applying for credit.

By ensuring that consumers receive comprehensive and transparent information regarding the agreements they enter into, Regulation Z aims to protect consumers from unfair lending practices. This support fosters a more equitable borrowing environment and helps consumers make informed financial decisions. The other options pertain to different pieces of legislation that address various aspects of consumer rights and health care but do not relate directly to the credit and lending context defined by Regulation Z.