Which regulation focuses on consumer credit protection and lending practices?

Regulation Z is the correct choice as it specifically addresses consumer credit protection and lending practices. This regulation implements the Truth in Lending Act (TILA), which mandates clear disclosure of credit terms to consumers, ensuring they are well-informed before entering into credit agreements. It is designed to promote the informed use of consumer credit by requiring disclosures about its cost, thus enabling consumers to compare various credit offers effectively.

Regulation Z covers various aspects, including disclosure requirements for open-end credit plans (like credit cards) and closed-end credit (like mortgages). It also governs advertising related to credit and provides guidelines for interest rate disclosures, annual percentage rates, and late fees. This regulation is crucial for consumer protection as it seeks to prevent unfair or deceptive lending practices, promoting transparency in the lending process.

The other options relate to different areas: Regulation E pertains to electronic fund transfers, the National Flood Insurance program focuses on flood insurance requirements for properties, and Regulation J governs the collection of checks and the operating procedures of the Federal Reserve. None of these directly addresses consumer credit protection in the way that Regulation Z does.