"ADMINISTRATIVE STATE" RESPONDS TO T. I. L. A. COMPLAINT

I've had 5 people respond to me with the reply to their Truth in Lending Act complaint of overstated/understated APR or Finance Charge. The first two seems to be legit replies informing the complainant that their complaint had been forwarded to the Regulator, and they now await a reply.
But the last 3 received a reply that said :
"This e-mail is to acknowledge our receipt of your correspondence
on ...
Please be advised that the entity you are inquiring about
is subject to oversight by the Consumer Financial Protection Bureau (CFPB) for certain consumer protection laws and regulations.
Please contact the CFPB directly to submit your complaint online at... "
-------------------------------------------------------------------------------------------------------------------
The Consumer Financial Protection Bureau (CFPB) does not exist in law
12 U.S.C. 5491 established the Bureau of Consumer Financial Protection
§ 5491. Establishment of the Bureau of Consumer Financial Protection
(a) Bureau established There is established in the Federal Reserve
System, an independent bureau to be known as
the ‘‘Bureau of Consumer Financial Protection’’
www.govinfo.go...
And for Truth in Lending Act complaints the proper regulator
is defined in 12 U.S.C. 1813(q)
(q) Appropriate Federal banking agency
The term ‘‘appropriate Federal banking agency’’ means-
(1) the Office of the Comptroller of the Currency
(2) Federal Deposit Insurance Corporation
(3) the Board of Governors of the Federal Reserve System
www.govinfo.go...
Or as otherwise stated in 15 U.S.C. 1607 pertaining to
Administrative Enforcement.
www.govinfo.go...
So, what to do next is the subject of this video.

[@sm_2023.4]

Curious.. where are you pulling the formula to calculate APR? Admittedly, I haven't dug into the TILA act to verfy the formula, but compared to what the general consensus online for calculating the APR, the formulaneeds to be adjusted. From my understanding, the interest rate is one rate, but the APR includes the additional finance charges, which is what we should be receiving back each year. When running the calculation with the formula provided, the APR calculates differently. However, when you include the fees, as found using the general formulas online, the APR calculates within the 100 dollar and APR % tolerance. Thanks!!

[@rokemafnas344]

@RobbbRyder - Thanks for the great content @7:41 mark you mentioned "Finance charge can be understated by no more than $100 and that's on a mortgage on"... can you linked the where we can find that in TILA please?

[@true-n-living]

CFPB regulates TILA I believe FTC does as well

[@YEP-n2v]

Do a foai request for data related to the complaint

[@peachtree1181]

Has anyone actually gotten relief???

[@celinagutierrez876]

Does anyone know if the regular and if further maintenance is need for vehicles when this process is completed, can we include that in this to cover all maintenance need for vehicle?

[@atuckertucker]

I know this off topic... There are UN solders in Indiana.. watch Veteran biker...

[@freeinhabitant76]

@RobbbRyder you might need a new microphone to improve the audio quality in your videos.

[@executorufestate3973]

its been the same over 10 years its not an issue if you aloow yourself to listen to learn

[@exhibitedmeat694]

You want actual truth in lending? Read 31 USC § 1501 and UCC 3. Now, who is doing the actual lending and who has the obligation to pay the debt? According to the laws, it's the "United States" that is obligated to pay debts, including loans. Read it, before you try to tell me that I don't know what I am talking about...

[@johnmiller3159]

Pardon me, I also read public law 73 10 ch.48 ss112 U.S. too pay all debts

[@SJ-lm7xz]

The U.S. foreign corporation owes most of the debt. Not the United States of America.

[@donaldbapst43]

@@SJ-lm7xz The foreign Corporation is "THE UNITED STATES OF AMERICA, The unincorporated version is: United States