Final answer:
The Federal Reserve is granted discretionary regulatory authority to require lenders to disclose additional information.
Step-by-step explanation:
The Federal Reserve is granted discretionary regulatory authority to require lenders to disclose additional information. The Fed is responsible for ensuring that banks comply with consumer protection laws, such as disclosing information about loans they make for buying houses and how they distribute those loans. Banks are also required to disclose the loan applicants' information based on factors like race and sex.