TILA Mortgage Loan Officer Practice Exam 2026 – Complete Test Prep

The correct answer is that the Consumer Financial Protection Bureau (CFPB) is the entity that primarily enforces HOEPA (Home Ownership and Equity Protection Act) regulations. The CFPB was established to oversee and enforce a variety of consumer financial protection laws, including HOEPA, which aims to address predatory lending practices in home mortgages. The CFPB's role includes setting rules and ensuring compliance for lenders and servicers, as well as providing consumer education about their rights under these regulations.

While it is true that the Federal Trade Commission and Federal Reserve Board have roles in consumer protection and financial regulation, it is the CFPB that has central authority over HOEPA enforcement. The other agencies mentioned, such as the Department of Housing and Urban Development and the Office of the Comptroller of the Currency, have different focuses and jurisdictions in terms of housing and banking regulations, but they are not the primary enforcers of HOEPA.