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Subtitle H—Conforming 
Amendments 
SEC. 1081. AMENDMENTS TO THE INSPECTOR GENERAL 
ACT. 
Effective on the date of enactment of this Act, the In-
spector General Act of 1978 (5 U.S.C. App. 3) is amended— 
(1) in section 8G(a)(2), by inserting ‘‘and the 
Bureau of Consumer Financial Protection’’ after 
‘‘Board of Governors of the Federal Reserve System’’; 
(2) in section 8G(c), by adding at the end the 
following: ‘‘For purposes of implementing this section, 
the Chairman of the Board of Governors of the Fed-
eral Reserve System shall appoint the Inspector Gen-
eral of the Board of Governors of the Federal Reserve 
System and the Bureau of Consumer Financial Pro-
tection. The Inspector General of the Board of Gov-
ernors of the Federal Reserve System and the Bureau 
of Consumer Financial Protection shall have all of the 
authorities and responsibilities provided by this Act 
with respect to the Bureau of Consumer Financial 
Protection, as if the Bureau were part of the Board 
of Governors of the Federal Reserve System.’’; and 
(3) in section 8G(g)(3), by inserting ‘‘and the 
Bureau of Consumer Financial Protection’’ after
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‘‘Board of Governors of the Federal Reserve System’’ 
the first place that term appears. 
SEC. 1082. AMENDMENTS TO THE PRIVACY ACT OF 1974. 
Effective on the date of enactment of this Act, section 
552a of title 5, United States Code, is amended by adding 
at the end the following: 
‘‘(w) APPLICABILITY TO BUREAU OF CONSUMER FI-
NANCIAL PROTECTION.—Except as provided in the Con-
sumer Financial Protection Act of 2010, this section shall 
apply with respect to the Bureau of Consumer Financial 
Protection.’’. 
SEC. 1083. AMENDMENTS TO THE ALTERNATIVE MORTGAGE 
TRANSACTION PARITY ACT OF 1982. 
(a) IN GENERAL.—The Alternative Mortgage Trans-
action Parity Act of 1982 (12 U.S.C. 3801 et seq.) is 
amended— 
(1) in section 803 (12 U.S.C. 3802(1)), by strik-
ing ‘‘1974’’ and all that follows through ‘‘described 
and defined’’ and inserting the following: ‘‘1974), in 
which the interest rate or finance charge may be ad-
justed or renegotiated, described and defined’’; and 
(2) in section 804 (12 U.S.C. 3803)— 
(A) in subsection (a)— 
(i) in each of paragraphs (1), (2), and 
(3), by inserting after ‘‘transactions made’’
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each place that term appears ‘‘on or before 
the designated transfer date, as determined 
under section 1062 of the Consumer Finan-
cial Protection Act of 2010,’’; 
(ii) in paragraph (2), by striking 
‘‘and’’ at the end; 
(iii) in paragraph (3), by striking the 
period at the end and inserting ‘‘; and’’; 
and 
(iv) by adding at the end the following 
new paragraph: 
‘‘(4) with respect to transactions made after the 
designated transfer date, only in accordance with reg-
ulations governing alternative mortgage transactions, 
as issued by the Bureau of Consumer Financial Pro-
tection for federally chartered housing creditors, in 
accordance with the rulemaking authority granted to 
the Bureau of Consumer Financial Protection with 
regard to federally chartered housing creditors under 
provisions of law other than this section.’’; 
(B) by striking subsection (c) and inserting 
the following: 
‘‘(c) PREEMPTION OF STATE LAW.—An alternative 
mortgage transaction may be made by a housing creditor 
in accordance with this section, notwithstanding any State
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constitution, law, or regulation that prohibits an alter-
native mortgage transaction. For purposes of this sub-
section, a State constitution, law, or regulation that pro-
hibits an alternative mortgage transaction does not include 
any State constitution, law, or regulation that regulates 
mortgage transactions generally, including any restriction 
on prepayment penalties or late charges.’’; and 
(C) by adding at the end the following: 
‘‘(d) BUREAU ACTIONS.—The Bureau of Consumer Fi-
nancial Protection shall— 
‘‘(1) review the regulations identified by the 
Comptroller of the Currency and the National Credit 
Union Administration, (as those rules exist on the 
designated transfer date), as applicable under para-
graphs (1) through (3) of subsection (a); 
‘‘(2) determine whether such regulations are fair 
and not deceptive and otherwise meet the objectives of 
the Consumer Financial Protection Act of 2010; and 
‘‘(3) promulgate regulations under subsection 
(a)(4) after the designated transfer date. 
‘‘(e) DESIGNATED TRANSFER DATE.—As used in this 
section, the term ‘designated transfer date’ means the date 
determined under section 1062 of the Consumer Financial 
Protection Act of 2010.’’.
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(b) EFFECTIVE DATE.—This section and the amend-
ments made by this section shall become effective on the des-
ignated transfer date. 
(c) RULE OF CONSTRUCTION.—The amendments made 
by subsection (a) shall not affect any transaction covered 
by the Alternative Mortgage Transaction Parity Act of l982 
(12 U.S.C. 3801 et seq.) and entered into on or before the 
designated transfer date. 
SEC. 1084. AMENDMENTS TO THE ELECTRONIC FUND 
TRANSFER ACT. 
The Electronic Fund Transfer Act (15 U.S.C. 1693 et 
seq.) is amended— 
(1) by striking ‘‘Board’’ each place that term ap-
pears and inserting ‘‘Bureau’’, except in section 918 
(as so designated by the Credit Card Act of 2009) (15 
U.S.C. 1693o); 
(2) in section 903 (15 U.S.C. 1693a), by striking 
paragraph (3) and inserting the following: 
‘‘(3) the term ‘Bureau’ means the Bureau of 
Consumer Financial Protection;’’; 
(3) in section 916(d) (as so designated by section 
401 of the Credit CARD Act of 2009) (15 U.S.C. 
1693m)—
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(A) by striking ‘‘FEDERAL RESERVE SYS-
TEM’’ and inserting ‘‘BUREAU OF CONSUMER FI-
NANCIAL PROTECTION’’; and 
(B) by striking ‘‘Federal Reserve System’’ 
and inserting ‘‘Bureau of Consumer Financial 
Protection’’; and 
(4) in section 918 (as so designated by the Credit 
CARD Act of 2009) (15 U.S.C. 1693o)— 
(A) in subsection (a)— 
(i) by striking ‘‘Compliance’’ and in-
serting ‘‘Except as otherwise provided by 
subtitle B of the Consumer Financial Pro-
tection Act of 2010, compliance’’; and 
(ii) by striking paragraph (2) and in-
serting the following: 
‘‘(2) subtitle E of the Consumer Financial Pro-
tection Act of 2010, by the Bureau;’’; and 
(B) by striking subsection (c) and inserting 
the following: 
‘‘(c) OVERALL ENFORCEMENT AUTHORITY
OF
THE 
FEDERAL TRADE COMMISSION.—Except to the extent that 
enforcement of the requirements imposed under this title is 
specifically committed to some other Government agency 
under subsection (a), and subject to subtitle B of the Con-
sumer Financial Protection Act of 2010, the Federal Trade
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Commission shall enforce such requirements. For the pur-
pose of the exercise by the Federal Trade Commission of 
its functions and powers under the Federal Trade Commis-
sion Act, a violation of any requirement imposed under this 
title shall be deemed a violation of a requirement imposed 
under that Act. All of the functions and powers of the Fed-
eral Trade Commission under the Federal Trade Commis-
sion Act are available to the Federal Trade Commission to 
enforce compliance by any person subject to the jurisdiction 
of the Federal Trade Commission with the requirements im-
posed under this title, irrespective of whether that person 
is engaged in commerce or meets any other jurisdictional 
tests under the Federal Trade Commission Act.’’. 
SEC. 1085. AMENDMENTS TO THE EQUAL CREDIT OPPOR-
TUNITY ACT. 
The Equal Credit Opportunity Act (15 U.S.C. 1691 
et seq.) is amended— 
(1) by striking ‘‘Board’’ each place that term ap-
pears and inserting ‘‘Bureau’’; 
(2) in section 702 (15 U.S.C. 1691a), by striking 
subsection (c) and inserting the following: 
‘‘(c) The term ‘Bureau’ means the Bureau of Consumer 
Financial Protection.’’; 
(3) in section 703 (15 U.S.C. 1691b)—
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(A) by striking the section heading and in-
serting the following: 
‘‘SEC. 703. PROMULGATION OF REGULATIONS BY THE BU-
REAU.’’; 
(B) by striking ‘‘(a) REGULATIONS.—’’; 
(C) by striking subsection (b); 
(D) 
by 
redesignating 
paragraphs 
(1) 
through (5) as subsections (a) through (e), re-
spectively; and 
(E) in subsection (c), as so redesignated, by 
striking ‘‘paragraph (2)’’ and inserting ‘‘sub-
section (b)’’; 
(4) in section 704 (15 U.S.C. 1691c)— 
(A) in subsection (a)— 
(i) by striking ‘‘Compliance’’ and in-
serting ‘‘Except as otherwise provided by 
subtitle B of the Consumer Protection Fi-
nancial Protection Act of 2010’’; and 
(ii) by striking paragraph (2) and in-
serting the following: 
‘‘(2) Subtitle E of the Consumer Financial Pro-
tection Act of 2010, by the Bureau.’’; 
(B) by striking subsection (c) and inserting 
the following:
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‘‘(c) OVERALL ENFORCEMENT AUTHORITY OF FED-
ERAL TRADE COMMISSION.—Except to the extent that en-
forcement of the requirements imposed under this title is 
specifically committed to some other Government agency 
under subsection (a), and subject to subtitle B of the Con-
sumer Financial Protection Act of 2010, the Federal Trade 
Commission shall enforce such requirements. For the pur-
pose of the exercise by the Federal Trade Commission of 
its functions and powers under the Federal Trade Commis-
sion Act (15 U.S.C. 41 et seq.), a violation of any require-
ment imposed under this subchapter shall be deemed a vio-
lation of a requirement imposed under that Act. All of the 
functions and powers of the Federal Trade Commission 
under the Federal Trade Commission Act are available to 
the Federal Trade Commission to enforce compliance by 
any person with the requirements imposed under this title, 
irrespective of whether that person is engaged in commerce 
or meets any other jurisdictional tests under the Federal 
Trade Commission Act, including the power to enforce any 
rule prescribed by the Bureau under this title in the same 
manner as if the violation had been a violation of a Federal 
Trade Commission trade regulation rule.’’; and 
(C) in subsection (d), by striking ‘‘Board’’ 
and inserting ‘‘Bureau’’; and 
(5) in section 706(e) (15 U.S.C. 1691e(e))—
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(A) in the subsection heading— 
(i) by striking ‘‘BOARD’’ each place 
that term appears and inserting ‘‘BU-
REAU’’; and 
(ii) by striking ‘‘FEDERAL RESERVE 
SYSTEM’’ and inserting ‘‘BUREAU OF CON-
SUMER FINANCIAL PROTECTION’’; and 
(B) by striking ‘‘Federal Reserve System’’ 
and inserting ‘‘Bureau of Consumer Financial 
Protection’’. 
SEC. 1086. AMENDMENTS TO THE EXPEDITED FUNDS AVAIL-
ABILITY ACT. 
(a) AMENDMENT TO SECTION 603.—Section 603(d)(1) 
of the Expedited Funds Availability Act (12 U.S.C. 4002) 
is amended by inserting after ‘‘Board’’ the following ‘‘, 
jointly with the Director of the Bureau of Consumer Finan-
cial Protection,’’. 
(b) AMENDMENTS TO SECTION 604.—Section 604 of 
the Expedited Funds Availability Act (12 U.S.C. 4003) is 
amended— 
(1) by inserting after ‘‘Board’’ each place that 
term appears, other than in subsection (f), the fol-
lowing: ‘‘, jointly with the Director of the Bureau of 
Consumer Financial Protection,’’; and
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(2) in subsection (f), by striking ‘‘Board.’’ each 
place that term appears and inserting the following: 
‘‘Board, jointly with the Director of the Bureau of 
Consumer Financial Protection.’’. 
(c) AMENDMENTS TO SECTION 605.—Section 605 of 
the Expedited Funds Availability Act (12 U.S.C. 4004) is 
amended— 
(1) by inserting after ‘‘Board’’ each place that 
term appears, other than in the heading for section 
605(f)(1), the following: ‘‘, jointly with the Director of 
the Bureau of Consumer Financial Protection,’’; and 
(2) in subsection (f)(1), in the paragraph head-
ing, by inserting ‘‘AND BUREAU’’ after ‘‘BOARD’’. 
(d) AMENDMENTS TO SECTION 609.—Section 609 of 
the Expedited Funds Availability Act (12 U.S.C. 4008) is 
amended: 
(1) in subsection (a), by inserting after ‘‘Board’’ 
the following ‘‘, jointly with the Director of the Bu-
reau of Consumer Financial Protection,’’; and 
(2) by striking subsection (e) and inserting the 
following: 
‘‘(e) CONSULTATIONS.—In prescribing regulations 
under subsections (a) and (b), the Board and the Director 
of the Bureau of Consumer Financial Protection, in the case 
of subsection (a), and the Board, in the case of subsection
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(b), shall consult with the Comptroller of the Currency, the 
Board of Directors of the Federal Deposit Insurance Cor-
poration, and the National Credit Union Administration 
Board.’’. 
(e) EXPEDITED
FUNDS
AVAILABILITY
IMPROVE-
MENTS.—Section 603 of the Expedited Funds Availability 
Act (12 U.S.C. 4002) is amended— 
(1) in subsection (a)(2)(D), by striking ‘‘$100’’ 
and inserting ‘‘$200’’; and 
(2) in subsection (b)(3)(C), in the subparagraph 
heading, by striking ‘‘$100’’ and inserting ‘‘$200’’; and 
(3) in subsection (c)(1)(B)(iii), in the clause 
heading, by striking ‘‘$100’’ and inserting ‘‘$200’’. 
(f) REGULAR ADJUSTMENTS FOR INFLATION.—Section 
607 of the Expedited Funds Availability Act (12 U.S.C. 
4006) is amended by adding at the end the following: 
‘‘(f) ADJUSTMENTS TO DOLLAR AMOUNTS FOR INFLA-
TION.—The dollar amounts under this title shall be adjusted 
every 5 years after December 31, 2011, by the annual per-
centage increase in the Consumer Price Index for Urban 
Wage Earners and Clerical Workers, as published by the 
Bureau of Labor Statistics, rounded to the nearest multiple 
of $25.’’.
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SEC. 1087. AMENDMENTS TO THE FAIR CREDIT BILLING 
ACT. 
The Fair Credit Billing Act (15 U.S.C. 1666–1666j) 
is amended by striking ‘‘Board’’ each place that term ap-
pears and inserting ‘‘Bureau’’. 
SEC. 1088. AMENDMENTS TO THE FAIR CREDIT REPORTING 
ACT AND THE FAIR AND ACCURATE CREDIT 
TRANSACTIONS ACT. 
(a) FAIR CREDIT REPORTING ACT.—The Fair Credit 
Reporting Act (15 U.S.C. 1681 et seq.) is amended— 
(1) in section 603 (15 U.S.C. 1681a)— 
(A) by redesignating subsections (w) and 
(x) as subsections (x) and (y), respectively; and 
(B) by inserting after subsection (v) the fol-
lowing: 
‘‘(w) The term ‘Bureau’ means the Bureau of Con-
sumer Financial Protection.’’; and 
(2) except as otherwise specifically provided in 
this subsection— 
(A) by striking ‘‘Federal Trade Commis-
sion’’ each place that term appears and inserting 
‘‘Bureau’’; 
(B) by striking ‘‘FTC’’ each place that term 
appears and inserting ‘‘Bureau’’;
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(C) by striking ‘‘the Commission’’ each 
place that term appears and inserting ‘‘the Bu-
reau’’; and 
(D) by striking ‘‘The Federal banking agen-
cies, the National Credit Union Administration, 
and the Commission shall jointly’’ each place 
that term appears and inserting ‘‘The Bureau 
shall’’; 
(3) in section 603(k)(2) (15 U.S.C. 1681a(k)(2)), 
by striking ‘‘Board of Governors of the Federal Re-
serve System’’ and inserting ‘‘Bureau’’; 
(4) in section 604(g) (15 U.S.C. 1681b(g))— 
(A) in paragraph (3), by striking subpara-
graph (C) and inserting the following: 
‘‘(C) as otherwise determined to be nec-
essary and appropriate, by regulation or order, 
by the Bureau (consistent with the enforcement 
authorities prescribed under section 621(b)), or 
the applicable State insurance authority (with 
respect to any person engaged in providing in-
surance or annuities).’’; 
(B) by striking paragraph (5) and inserting 
the following: 
‘‘(5) REGULATIONS AND EFFECTIVE DATE FOR 
PARAGRAPH (2).—
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‘‘(A) REGULATIONS
REQUIRED.—The Bu-
reau may, after notice and opportunity for com-
ment, prescribe regulations that permit trans-
actions under paragraph (2) that are determined 
to be necessary and appropriate to protect legiti-
mate operational, transactional, risk, consumer, 
and other needs (and which shall include permit-
ting 
actions 
necessary 
for 
administrative 
verification purposes), consistent with the intent 
of paragraph (2) to restrict the use of medical 
information for inappropriate purposes.’’; and 
(C) by striking paragraph (6); 
(5) in section 611(e)(2) (15 U.S.C. 1681i(e)), by 
striking paragraph (2) and inserting the following: 
‘‘(2) EXCLUSION.—Complaints received or ob-
tained by the Bureau pursuant to its investigative 
authority under the Consumer Financial Protection 
Act of 2010 shall not be subject to paragraph (1).’’; 
(6) 
in 
section 
615(h)(6) 
(15 
U.S.C. 
1681m(h)(6)), by striking subparagraph (A) and in-
serting the following: 
‘‘(A) RULES REQUIRED.—The Bureau shall 
prescribe rules to carry out this subsection.’’; 
(7) in section 621 (15 U.S.C. 1681s)—
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(A) by striking subsection (a) and inserting 
the following: 
‘‘(a) ENFORCEMENT
BY FEDERAL TRADE COMMIS-
SION.— 
‘‘(1) IN GENERAL.—Except as otherwise provided 
by subtitle B of the Consumer Financial Protection 
Act of 2010, compliance with the requirements im-
posed under this title shall be enforced under the Fed-
eral Trade Commission Act (15 U.S.C. 41 et seq.) by 
the Federal Trade Commission, with respect to con-
sumer reporting agencies and all other persons subject 
thereto, except to the extent that enforcement of the re-
quirements imposed under this title is specifically 
committed to some other Government agency under 
subsection (b). For the purpose of the exercise by the 
Federal Trade Commission of its functions and pow-
ers under the Federal Trade Commission Act, a viola-
tion of any requirement or prohibition imposed under 
this title shall constitute an unfair or deceptive act or 
practice in commerce, in violation of section 5(a) of 
the Federal Trade Commission Act (15 U.S.C. 45(a)), 
and shall be subject to enforcement by the Federal 
Trade Commission under section 5(b) of that Act with 
respect to any consumer reporting agency or person 
that is subject to enforcement by the Federal Trade