Last week, the Consumer Financial Protection Bureau rolled out what the agency described as an updated and improved version of its eRegulations tool, including a new, electronic, user-friendly version of the Truth in Lending Rule — the flagship federal regulation protecting consumers when it comes to credit products.

The CFPB noted that eRegulations is not an official legal edition of the Code of Federal Regulations or the Federal Register, and it does not replace the official versions of those publications.

That point was emphasized by Dan Sokolov, who is deputy associate director for CFPB’s Division of Research, Markets & Regulations, and David Cassidy, who is a business analyst in CFPB’s Technology and Innovation Division.

“We also launched a user survey to solicit user feedback from industry, advocates, and other users in order to continue to improve the tool,” Sokolov and Cassidy said in a blog post on the CFPB’s website.

Sokolov and Cassidy insisted that the public, industry, and the government all benefit from regulations that are easier to find, read and understand.

“That is why last year we launched our eRegulations tool which combines important information that can often be difficult to navigate or is spread throughout a regulation, often separated by dozens or even hundreds of pages. Ideally, using eRegulations will lead to better compliance and improved accessibility,” the CFPB officials said.

Now, as part of the eRegulations tool, the bureau is launching what it contends is an intuitive, easier-to-navigate electronic format of Regulation Z, which implements the Truth in Lending Act. Regulation Z is the flagship federal regulation protecting consumers when it comes to credit products.

“Regulation Z can be complex to understand for people who have not specialized in it. And it has changed a lot recently with the addition of new rights and disclosures for mortgages,” Sokolov and Cassidy said.

“As we continue our work to make regulations easier to use, we need to hear from you about what works best and how this tool is valuable to you,” they continued.

The CFPB mentioned the eRegulations tool is an open source application, “so we’d love for other agencies, developers or groups to use it and adapt it.”