Which organization is responsible for the enforcement of the regulations related to TILA and RESPA?

The Consumer Financial Protection Bureau (CFPB) is the organization primarily responsible for enforcing the regulations outlined in the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). Established in response to the financial crisis of 2007-2008, the CFPB's mission includes protecting consumers in the financial marketplace, which encompasses overseeing compliance with these key lending regulations.

TILA aims to promote informed consumer choice by requiring disclosures about credit terms and costs, while RESPA focuses on transparency in the settlement process for mortgage loans. As the enforcing body, the CFPB has the authority to enact rules, conduct investigations, and impose penalties for non-compliance, ensuring that lending practices are fair and transparent for consumers.

The other organizations listed have their respective roles; for instance, the Federal Reserve previously had authority over some TILA provisions before the CFPB was created. The Department of Housing and Urban Development plays a role in implementing RESPA but is not the main enforcer of TILA and RESPA. The Federal Housing Finance Agency primarily oversees government-sponsored enterprises and does not enforce these consumer lending regulations. Thus, the selection of the Consumer Financial Protection Bureau as the answer reflects its pivotal role in safeguarding consumer rights related to the lending process.