News release: “The Federal Trade Commission has issued its annual letter to the Consumer Financial Protection Bureau (CFPB) on FTC enforcement and related activities regarding the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), Electronic Fund Transfer Act (EFTA), and Equal Credit Opportunity Act (ECOA). This year’s letter also discusses the Dodd-Frank Act, and the Commission’s and CFPB’s memorandum of understanding that set forth a framework for coordinating certain law enforcement, rulemaking, and other activities. The letter notes that the FTC retains its authority to enforce the TILA, CLA, EFTA, and ECOA, among other things. The letter also addresses certain FTC initiatives regarding automobile financing advertising, payday lending, mortgage lending advertising, mobile payments, and separate FTC staff comments filed with the CFPB on integrating TILA and Real Estate Settlement Procedures Act disclosures and on general purpose reloadable cards.”