LFinal answer:
The Board of Governors of the Federal Reserve System implements the rules under the Truth-in-Lending Act.
Step-by-step explanation:
The regulatory body that implements the rules, known as Regulation Z, under the Truth-in-Lending Act (TILA) is the Board of Governors of the Federal Reserve System. The Federal Reserve, often referred to as the Fed, is responsible for ensuring that banks comply with various consumer protection laws, including TILA. They regulate the disclosure of information about loans made by banks for buying houses, as well as how those loans are distributed geographically and by sex and race of the loan applicants.