Regulation Z is primarily aimed at which group?

Regulation Z, implemented under the Truth in Lending Act, is primarily focused on protecting consumers by requiring clear and accurate disclosure of credit terms. Its main goal is to promote informed use of consumer credit by ensuring that consumers receive essential information regarding the cost of credit, such as the annual percentage rate (APR), finance charges, and the total payments over the life of the loan. This regulation empowers consumers to compare various credit offers, understand the implications of borrowing, and make informed financial decisions.

While financial institutions, businesses, and government agencies may be involved in the regulatory framework and compliance with Regulation Z, the key beneficiary of its provisions is the consumer. The regulation is therefore primarily aimed at safeguarding consumer interests in credit transactions, making them the focal point of Regulation Z’s objectives.