The staff of the Federal Trade Commission provided the 2019 Annual Financial Acts Enforcement Report to the Consumer Financial Protection Bureau on enforcement and related activities regarding the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), and Electronic Fund Transfer Act (EFTA).

The report, provided last week on TILA, CLA, and EFTA, highlights, among other things, the FTC’s enforcement actions related to automobile purchases and financing, payday lending, credit repair, and debt relief, consumer electronics financing, and electronic fund transfers.

It also addresses the FTC’s research and policy efforts related to truth in lending, including assessment and review of information from a qualitative study of consumers’ experiences in buying and financing automobiles at dealerships, and a workshop examining small business financing. The report highlights the agency’s Military Task Force, which comprises a cross-section of FTC representatives and focuses on various initiatives to assist military consumers. The report further outlines the FTC’s consumer and business education efforts on truth in lending, leasing, and electronic fund transfer issues.

A copy of the report also has been provided to the Federal Reserve Board.