CFPB Reg Z

Requires detailed disclosures about the terms and cost of consumer credit. It also gives consumers the right to cancel certain credit transactions and regulates some credit card practices.

Rule Overview

Jurisdiction: United States

Regulator: CFPB

Topic: Consumer Protection

Overview
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This regulation is intended to promote an informed use of credit by consumers.

It also seeks to ensure that consumers are provided with more extenstive and timely information on the nature and costs of the residential real estate settlement process including more effective advance disclosure to home buyers and sellers of the settlement costs invovled.

It applies to each individual or business that offers or extends credit to consumers, with its credit offerings being a regular activity.

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