Final answer:
Regulation Z is known as the Truth in Lending Act (TILA), designed to ensure consumers are well-informed about credit terms and costs.
Step-by-step explanation:
Regulation Z is also known as Title I of the Consumer Credit Protection Act (TILA), which stands for the Truth in Lending Act. The Truth in Lending Act is designed to protect consumers in credit transactions by requiring clear disclosure of key terms of the lending arrangement and all costs. Answering the student's question, the correct option is B. TILA. It's important to note that this regulation does not relate to the Fair Housing Act of 1968 that banned discrimination in the sale or rental of housing, or the Sherman Anti-Trust Act, which aimed to prevent anticompetitive practices in the marketplace. Instead, TILA focuses on ensuring that consumers have all the necessary information to make informed credit decisions.
Answer: B. TILA