Newsroom

May 12, 2014

CFPB posts eRegulation version of Reg Z

May 13, 2014 – CFPB on Monday launched an online version of the Regulation Z, which implements the Truth in Lending Act, through its eRegulations tool, which allows users to compare previous versions of the regulation to current versions.

A CFPB blog post explained, "The public, industry, and the government all benefit from regulations that are easier to find, read, and understand. That is why last year we launched our eRegulations tool which combines important information that can often be difficult to navigate or is spread throughout a regulation, often separated by dozens or even hundreds of pages."

NAFCU presented a webcast on Regulation Z compliance in February, focusing on how credit unions can keep loan information updated throughout different marketing mediums and how to avoid "trigger terms" that mandate additional disclosures. The NAFCU compliance team also compiled resources on the TILA/RESPA integrated disclosure rule that are available online.

The CFPB blog post noted that Regulation Z has changed recently "with the addition of new rights and disclosures for mortgages." The eRegulations tool shows the current effect version of the rule, as well previous versions in existence after the end of 2011.