Which agency oversees the implementation of the TILA regulations?

The correct answer is the Consumer Financial Protection Bureau (CFPB). This agency was established to oversee various consumer protection laws, including the Truth in Lending Act (TILA). Under TILA, the CFPB is responsible for ensuring that lenders comply with disclosure requirements regarding the terms and costs of credit. This includes making sure consumers understand the true cost of borrowing and are informed about their rights.

While the Federal Reserve played a significant role in originally implementing TILA, its functions have since shifted, and the CFPB has taken on the primary responsibility for enforcing these regulations. The other options listed involve different areas of financial regulation: the Securities and Exchange Commission focuses on securities markets, while the Department of Housing and Urban Development deals with housing and urban affairs without specifically overseeing TILA regulations.