Which regulation ensures that borrowers are informed of their credit rights?

The regulation that ensures borrowers are informed of their credit rights is the Fair Credit Reporting Act (FCRA). This act primarily focuses on the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. It gives consumers the right to be informed about how their credit information is collected and used, and it also mandates that they have access to their credit reports.

Under the FCRA, consumers are entitled to know if information in their credit report has been used against them, and they have the right to dispute inaccuracies. This regulation is crucial for consumers to understand their rights regarding their credit history and the implications it can have on obtaining loans and credit.

In contrast, other regulations like the Fair Housing Act, Truth in Lending Act, and the Equal Credit Opportunity Act address different aspects of lending and consumer rights but do not specifically focus on informing consumers about their credit rights in the way that the FCRA does. The Fair Housing Act seeks to eliminate discrimination in housing; the Truth in Lending Act requires disclosure of credit terms to ensure transparency; whereas the Equal Credit Opportunity Act prohibits discriminatory lending practices.