Which agency handles advertising under TILA?

Which agency handles advertising under TILA?

• A. Consumer Financial Protection Bureau
• B. Federal Trade Commission
• C. Federal Communications Commission
• D. Securities and Exchange Commission

Answer: (B)

Advertising under Truth in Lending Act is handled by the Federal Trade Commission because the FTC is the primary enforcer of truth-in-advertising for consumer credit. Ads must be truthful and not misleading, clearly presenting terms such as the APR and costs. While the CFPB enforces many disclosure and loan-transaction requirements under TILA (Regulation Z), the specific responsibility for advertising claims falls to the FTC. Other agencies regulate different areas (like communications or securities) and do not regulate TILA advertising.

Advertising under Truth in Lending Act is handled by the Federal Trade Commission because the FTC is the primary enforcer of truth-in-advertising for consumer credit. Ads must be truthful and not misleading, clearly presenting terms such as the APR and costs. While the CFPB enforces many disclosure and loan-transaction requirements under TILA (Regulation Z), the specific responsibility for advertising claims falls to the FTC. Other agencies regulate different areas (like communications or securities) and do not regulate TILA advertising.