Which organization oversees the Truth-in-Lending Act?

The Consumer Financial Protection Bureau (CFPB) is the correct organization that oversees the Truth-in-Lending Act (TILA). This act is designed to promote informed consumer decision-making by requiring clear and conspicuous disclosure of the terms and costs associated with credit. The CFPB has the authority to enforce TILA, ensuring that lenders comply with its requirements to provide borrowers with accurate information about loan terms, interest rates, and associated fees.

Under the CFPB's oversight, lenders must present this information in a standardized format, which helps consumers make better comparisons between different credit offers. TILA is particularly important in the mortgage industry, where understanding the full cost of borrowing is crucial for consumers.

Other organizations listed have different roles; for instance, the Federal Reserve Board plays a part in setting monetary policy and may also be involved in implementing certain regulations related to TILA, but it is not the primary overseer. The Federal Housing Finance Agency focuses on the regulation and oversight of housing finance systems, while the Department of Treasury handles broader financial policy and fiscal responsibilities rather than direct oversight of TILA. Therefore, the CFPB is specifically tasked with enforcing and ensuring compliance with the Truth-in-Lending Act.