H. R. 4173—725 
(A) by striking subsection (b) and inserting the fol-
lowing: 
‘‘(b) POWERS OF CERTAIN OTHER AGENCIES.— 
‘‘(1) IN GENERAL.—Subject to subtitle B of the Consumer 
Financial Protection Act of 2010, compliance with the require-
ments of this title shall be enforced— 
‘‘(A) under section 8 of the Federal Deposit Insurance 
Act, the appropriate Federal banking agency, as defined 
in section 3(q) of the Federal Deposit Insurance Act (12 
U.S.C. 1813(q)), with respect to— 
‘‘(i) any national bank or Federal savings associa-
tion, and any Federal branch or Federal agency of 
a foreign bank; 
‘‘(ii) any member bank of the Federal Reserve 
System (other than a national bank), branch or agency 
of a foreign bank (other than a Federal branch, Federal 
agency, and insured State branch of a foreign bank), 
commercial lending company owned or controlled by 
a foreign bank, and any organization operating under 
section 25 or 25A of the Federal Reserve Act; and 
‘‘(iii) any bank or State savings association insured 
by the Federal Deposit Insurance Corporation (other 
than a member of the Federal Reserve System), any 
mutual savings bank as, defined in section 3(f) of the 
Federal Deposit Insurance Act (12 U.S.C. 1813(f)), any 
insured State branch of a foreign bank, and any other 
depository institution not referred to in this paragraph 
or subparagraph (B) or (C); 
‘‘(B) under subtitle E of the Consumer Financial Protec-
tion Act of 2010, by the Bureau, with respect to any person 
subject to this subtitle; 
‘‘(C) under the Federal Credit Union Act, by the 
Administrator of the National Credit Union Administration 
with respect to any insured credit union; and 
‘‘(D) with respect to other lending institutions, by the 
Secretary of Housing and Urban Development. 
‘‘(2) INCORPORATED DEFINITIONS.—The terms used in para-
graph (1) that are not defined in this title or otherwise defined 
in section 3(s) of the Federal Deposit Insurance Act (12 U.S.C. 
1813(s)) shall have the same meanings as in section 1(b) of 
the International Banking Act of 1978 (12 U.S.C. 3101).’’; and 
(B) by adding at the end the following: 
‘‘(d) OVERALL ENFORCEMENT AUTHORITY OF THE BUREAU OF 
CONSUMER FINANCIAL PROTECTION.—Subject to subtitle B of the 
Consumer Financial Protection Act of 2010, enforcement of the 
requirements imposed under this title is committed to each of 
the agencies under subsection (b). To facilitate research, examina-
tions, and enforcement, all data collected pursuant to section 304 
shall be available to the entities listed under subsection (b). The 
Bureau may exercise its authorities under the Consumer Financial 
Protection Act of 2010 to exercise principal authority to examine 
and enforce compliance by any person with the requirements of 
this title.’’; 
(5) in section 306 (12 U.S.C. 2805(b)), by striking subsection 
(b) and inserting the following: 
‘‘(b) EXEMPTION AUTHORITY.—The Bureau may, by regulation, 
exempt from the requirements of this title any State-chartered
H. R. 4173—726 
depository institution within any State or subdivision thereof, if 
the agency determines that, under the law of such State or subdivi-
sion, that institution is subject to requirements that are substan-
tially similar to those imposed under this title, and that such 
law contains adequate provisions for enforcement. Notwithstanding 
any other provision of this subsection, compliance with the require-
ments imposed under this subsection shall be enforced by the Office 
of the Comptroller of the Currency under section 8 of the Federal 
Deposit Insurance Act, in the case of national banks and Federal 
savings associations, the deposits of which are insured by the Fed-
eral Deposit Insurance Corporation.’’; and 
(6) by striking section 307 (12 U.S.C. 2806) and inserting 
the following: 
‘‘SEC. 307. COMPLIANCE IMPROVEMENT METHODS. 
‘‘(a) IN GENERAL.— 
‘‘(1) CONSULTATION REQUIRED.—The Director of the Bureau 
of Consumer Financial Protection, with the assistance of the 
Secretary, the Director of the Bureau of the Census, the Board 
of Governors of the Federal Reserve System, the Federal 
Deposit Insurance Corporation, and such other persons as the 
Bureau deems appropriate, shall develop or assist in the 
improvement of, methods of matching addresses and census 
tracts to facilitate compliance by depository institutions in as 
economical a manner as possible with the requirements of 
this title. 
‘‘(2) 
AUTHORIZATION
OF
APPROPRIATIONS.—There 
are 
authorized to be appropriated, such sums as may be necessary 
to carry out this subsection. 
‘‘(3) CONTRACTING AUTHORITY.—The Director of the Bureau 
of Consumer Financial Protection is authorized to utilize, con-
tract with, act through, or compensate any person or agency 
in order to carry out this subsection. 
‘‘(b) RECOMMENDATIONS
TO CONGRESS.—The Director of the 
Bureau of Consumer Financial Protection shall recommend to the 
Committee on Banking, Housing, and Urban Affairs of the Senate 
and the Committee on Financial Services of the House of Represent-
atives, such additional legislation as the Director of the Bureau 
of Consumer Financial Protection deems appropriate to carry out 
the purpose of this title.’’. 
SEC. 1095. AMENDMENTS TO THE HOMEOWNERS PROTECTION ACT 
OF 1998. 
Section 10 of the Homeowners Protection Act of 1998 (12 U.S.C. 
4909) is amended— 
(1) in subsection (a)— 
(A) by striking ‘‘Compliance’’ and all that follows 
through the end of paragraph (1) and inserting the fol-
lowing: ‘‘Subject to subtitle B of the Consumer Financial 
Protection Act of 2010, compliance with the requirements 
imposed under this Act shall be enforced under— 
‘‘(1) section 8 of the Federal Deposit Insurance Act, by 
the appropriate Federal banking agency (as defined in section 
3(q) of that Act), with respect to— 
‘‘(A) insured depository institutions (as defined in sec-
tion 3(c)(2) of that Act); 
‘‘(B) depository institutions described in clause (i), (ii), 
or (iii) of section 19(b)(1)(A) of the Federal Reserve Act
H. R. 4173—727 
which are not insured depository institutions (as defined 
in section 3(c)(2) of the Federal Deposit Insurance Act); 
and 
‘‘(C) depository institutions described in clause (v) or 
(vi) of section 19(b)(1)(A) of the Federal Reserve Act which 
are not insured depository institutions (as defined in section 
3(c)(2) of the Federal Deposit Insurance Act);’’; 
(B) in paragraph (2), by striking ‘‘and’’ at the end; 
(C) in paragraph (3), by striking the period at the 
end and inserting ‘‘; and’’; and 
(D) by adding at the end the following: 
‘‘(4) subtitle E of the Consumer Financial Protection Act 
of 2010, by the Bureau of Consumer Financial Protection, with 
respect to any person subject to this Act.’’; and 
(2) in subsection (b)(2), by inserting before the period at 
the end the following: ‘‘, subject to subtitle B of the Consumer 
Financial Protection Act of 2010’’. 
SEC. 1096. AMENDMENTS TO THE HOME OWNERSHIP AND EQUITY 
PROTECTION ACT OF 1994. 
The Home Ownership and Equity Protection Act of 1994 (15 
U.S.C. 1601 note) is amended— 
(1) in section 158(a), by striking ‘‘Board of Governors of 
the Federal Reserve System, in consultation with the Consumer 
Advisory Council of the Board’’ and inserting ‘‘Bureau, in con-
sultation with the Advisory Board to the Bureau’’; and 
(2) in section 158(b), by striking ‘‘Board of Governors of 
the Federal Reserve System’’ and inserting ‘‘Bureau’’. 
SEC. 1097. AMENDMENTS TO THE OMNIBUS APPROPRIATIONS ACT, 
2009. 
Section 626 of the Omnibus Appropriations Act, 2009 (15 U.S.C. 
1638 note) is amended— 
(1) by striking subsection (a) and inserting the following: 
‘‘(a)(1) The Bureau of Consumer Financial Protection shall have 
authority to prescribe rules with respect to mortgage loans in 
accordance with section 553 of title 5, United States Code. Such 
rulemaking shall relate to unfair or deceptive acts or practices 
regarding mortgage loans, which may include unfair or deceptive 
acts or practices involving loan modification and foreclosure rescue 
services. Any violation of a rule prescribed under this paragraph 
shall be treated as a violation of a rule prohibiting unfair, deceptive, 
or abusive acts or practices under the Consumer Financial Protec-
tion Act of 2010 and a violation of a rule under section 18 of 
the Federal Trade Commission Act (15 U.S.C. 57a) regarding unfair 
or deceptive acts or practices. 
‘‘(2) The Bureau of Consumer Financial Protection shall enforce 
the rules issued under paragraph (1) in the same manner, by 
the same means, and with the same jurisdiction, powers, and duties, 
as though all applicable terms and provisions of the Consumer 
Financial Protection Act of 2010 were incorporated into and made 
part of this subsection. 
‘‘(3) Subject to subtitle B of the Consumer Financial Protection 
Act of 2010, the Federal Trade Commission shall enforce the rules 
issued under paragraph (1), in the same manner, by the same 
means, and with the same jurisdiction, as though all applicable 
terms and provisions of the Federal Trade Commission Act were 
incorporated into and made part of this section.’’; and
H. R. 4173—728 
(2) in subsection (b)— 
(A) by striking paragraph (1) and inserting the fol-
lowing: 
‘‘(1) Except as provided in paragraph (6), in any case in 
which the attorney general of a State has reason to believe 
that an interest of the residents of the State has been or 
is threatened or adversely affected by the engagement of any 
person subject to a rule prescribed under subsection (a) in 
practices that violate such rule, the State, as parens patriae, 
may bring a civil action on behalf of its residents in an appro-
priate district court of the United States or other court of 
competent jurisdiction— 
‘‘(A) to enjoin that practice; 
‘‘(B) to enforce compliance with the rule; 
‘‘(C) to obtain damages, restitution, or other compensa-
tion on behalf of the residents of the State; or 
‘‘(D) to obtain penalties and relief provided under the 
Consumer Financial Protection Act of 2010, the Federal 
Trade Commission Act, and such other relief as the court 
deems appropriate.’’; 
(B) in paragraphs (2) and (3), by striking ‘‘the primary 
Federal regulator’’ each time the term appears and 
inserting ‘‘the Bureau of Consumer Financial Protection 
or the Commission, as appropriate’’; 
(C) in paragraph (3), by inserting ‘‘and subject to sub-
title B of the Consumer Financial Protection Act of 2010,’’ 
after ‘‘paragraph (2),’’; and 
(D) in paragraph (6), by striking ‘‘the primary Federal 
regulator’’ each place that term appears and inserting ‘‘the 
Bureau of Consumer Financial Protection or the Commis-
sion’’. 
SEC. 1098. AMENDMENTS TO THE REAL ESTATE SETTLEMENT PROCE-
DURES ACT OF 1974. 
The Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 
2601 et seq.) is amended— 
(1) in section 3 (12 U.S.C. 2602)— 
(A) in paragraph (7), by striking ‘‘and’’ at the end; 
(B) in paragraph (8), by striking the period at the 
end and inserting ‘‘; and’’; and 
(C) by adding at the end the following: 
‘‘(9) the term ‘Bureau’ means the Bureau of Consumer 
Financial Protection.’’; 
(2) in section 4 (12 U.S.C. 2603)— 
(A) in subsection (a), by striking the first sentence 
and inserting the following: ‘‘The Bureau shall publish 
a single, integrated disclosure for mortgage loan trans-
actions (including real estate settlement cost statements) 
which includes the disclosure requirements of this section 
and section 5, in conjunction with the disclosure require-
ments of the Truth in Lending Act that, taken together, 
may apply to a transaction that is subject to both or either 
provisions of law. The purpose of such model disclosure 
shall be to facilitate compliance with the disclosure require-
ments of this title and the Truth in Lending Act, and
H. R. 4173—729 
to aid the borrower or lessee in understanding the trans-
action by utilizing readily understandable language to sim-
plify the technical nature of the disclosures.’’; 
(B) by striking ‘‘Secretary’’ each place that term 
appears and inserting ‘‘Bureau’’; and 
(C) by striking ‘‘form’’ each place that term appears 
and inserting ‘‘forms’’; 
(3) in section 5 (12 U.S.C. 2604)— 
(A) by striking ‘‘Secretary’’ each place that term 
appears and inserting ‘‘Bureau’’; and 
(B) in subsection (a), by striking the first sentence 
and inserting the following: ‘‘The Bureau shall prepare 
and distribute booklets jointly addressing compliance with 
the requirements of the Truth in Lending Act and the 
provisions of this title, in order to help persons borrowing 
money to finance the purchase of residential real estate 
better to understand the nature and costs of real estate 
settlement services.’’; 
(4) in section 6(j)(3) (12 U.S.C. 2605(j)(3))— 
(A) by striking ‘‘Secretary’’ and inserting ‘‘Bureau’’; 
and 
(B) by striking ‘‘, by regulations that shall take effect 
not later than April 20, 1991,’’; 
(5) in section 7(b) (12 U.S.C. 2606(b)) by striking ‘‘Sec-
retary’’ and inserting ‘‘Bureau’’; 
(6) in section 8(c)(5) (12 U.S.C. 2607(c)(5)), by striking 
‘‘Secretary’’ and inserting ‘‘Bureau’’; 
(7) in section 8(d) (12 U.S.C. 2607(d))— 
(A) in the subsection heading, by inserting ‘‘BUREAU 
AND’’ before ‘‘SECRETARY’’; and 
(B) by striking paragraph (4), and inserting the fol-
lowing: 
‘‘(4) The Bureau, the Secretary, or the attorney general 
or the insurance commissioner of any State may bring an 
action to enjoin violations of this section. Except, to the extent 
that a person is subject to the jurisdiction of the Bureau, 
the Secretary, or the attorney general or the insurance commis-
sioner of any State, the Bureau shall have primary authority 
to enforce or administer this section, subject to subtitle B 
of the Consumer Financial Protection Act of 2010.’’; 
(8) in section 10(c) (12 U.S.C. 2609(c) and (d)), by striking 
‘‘Secretary’’ and inserting ‘‘Bureau’’; 
(9) in section 16 (12 U.S.C. 2614), by inserting ‘‘the 
Bureau,’’ before ‘‘the Secretary’’; 
(10) in section 18 (12 U.S.C. 2616), by striking ‘‘Secretary’’ 
each place that term appears and inserting ‘‘Bureau’’; and 
(11) in section 19 (12 U.S.C. 2617)— 
(A) in the section heading by striking ‘‘SECRETARY’’ 
and inserting ‘‘BUREAU’’; 
(B) in subsection (a), by striking ‘‘Secretary’’ each place 
that term appears and inserting ‘‘Bureau’’; and 
(C) in subsections (b) and (c), by striking ‘‘the Sec-
retary’’ each place that term appears and inserting ‘‘the 
Bureau’’.
H. R. 4173—732 
‘‘(1) IN GENERAL.—The Bureau is authorized to promulgate 
regulations setting minimum net worth or surety bond require-
ments for residential mortgage loan originators and minimum 
requirements for recovery funds paid into by loan originators. 
‘‘(2) CONSIDERATIONS.—In issuing regulations under para-
graph (1), the Bureau shall take into account the need to 
provide originators adequate incentives to originate affordable 
and sustainable mortgage loans, as well as the need to ensure 
a competitive origination market that maximizes consumer 
access to affordable and sustainable mortgage loans.’’; 
(7) by striking section 1510 (12 U.S.C. 5109) and inserting 
the following: 
‘‘SEC. 1510. FEES. 
‘‘The Bureau, the Farm Credit Administration, and the Nation-
wide Mortgage Licensing System and Registry may charge reason-
able fees to cover the costs of maintaining and providing access 
to information from the Nationwide Mortgage Licensing System 
and Registry, to the extent that such fees are not charged to 
consumers for access to such system and registry.’’; 
(8) by striking section 1513 (12 U.S.C. 5112) and inserting 
the following: 
‘‘SEC. 1513. LIABILITY PROVISIONS. 
‘‘The Bureau, any State official or agency, or any organization 
serving as the administrator of the Nationwide Mortgage Licensing 
System and Registry or a system established by the Director under 
section 1509, or any officer or employee of any such entity, shall 
not be subject to any civil action or proceeding for monetary dam-
ages by reason of the good faith action or omission of any officer 
or employee of any such entity, while acting within the scope 
of office or employment, relating to the collection, furnishing, or 
dissemination of information concerning persons who are loan origi-
nators or are applying for licensing or registration as loan origina-
tors.’’; and 
(9) in section 1514 (12 U.S.C. 5113) in the section heading, 
by striking ‘‘UNDER
HUD
BACKUP
LICENSING
SYSTEM’’ and 
inserting ‘‘BY THE BUREAU’’. 
SEC. 1100A. AMENDMENTS TO THE TRUTH IN LENDING ACT. 
The Truth in Lending Act (15 U.S.C. 1601 et seq.) is amended— 
(1) in section 103 (15 U.S.C. 1602)— 
(A) by redesignating subsections (b) through (bb) as 
subsections (c) through (cc), respectively; and 
(B) by inserting after subsection (a) the following: 
‘‘(b) BUREAU.—The term ‘Bureau’ means the Bureau of Con-
sumer Financial Protection.’’; 
(2) by striking ‘‘Board’’ each place that term appears, other 
than in section 140(d) and sections 105(i) and 108(a), as 
amended by this section, and inserting ‘‘Bureau’’; 
(3) by striking ‘‘Federal Trade Commission’’ each place 
that term appears, other than in section 108(c) and section 
129(m), as amended by this Act, and other than in the context 
of a reference to the Federal Trade Commission Act, and 
inserting ‘‘Bureau’’; 
(4) in section 105(a) (15 U.S.C. 1604(a)), in the second 
sentence—
H. R. 4173—733 
(A) by striking ‘‘Except in the case of a mortgage 
referred to in section 103(aa), these regulations may contain 
such’’ and inserting ‘‘Except with respect to the provisions 
of section 129 that apply to a mortgage referred to in 
section 103(aa), such regulations may contain such addi-
tional requirements,’’; and 
(B) by inserting ‘‘all or’’ after ‘‘exceptions for’’; 
(5) in section 105(b) (15 U.S.C. 1604(b)), by striking the 
first sentence and inserting the following: ‘‘The Bureau shall 
publish a single, integrated disclosure for mortgage loan trans-
actions (including real estate settlement cost statements) which 
includes the disclosure requirements of this title in conjunction 
with the disclosure requirements of the Real Estate Settlement 
Procedures Act of 1974 that, taken together, may apply to 
a transaction that is subject to both or either provisions of 
law. The purpose of such model disclosure shall be to facilitate 
compliance with the disclosure requirements of this title and 
the Real Estate Settlement Procedures Act of 1974, and to 
aid the borrower or lessee in understanding the transaction 
by utilizing readily understandable language to simplify the 
technical nature of the disclosures.’’; 
(6) in section 105(f)(1) (15 U.S.C. 1604(f)(1)), by inserting 
‘‘all or’’ after ‘‘from all or part of this title’’; 
(7) in section 105 (15 U.S.C. 1604), by adding at the end 
the following: 
‘‘(i) AUTHORITY
OF
THE
BOARD
TO
PRESCRIBE 
RULES.—Notwithstanding subsection (a), the Board 
shall have authority to prescribe rules under this title 
with respect to a person described in section 1029(a) 
of the Consumer Financial Protection Act of 2010. 
Regulations prescribed under this subsection may con-
tain such classifications, differentiations, or other 
provisions, as in the judgment of the Board are nec-
essary or proper to effectuate the purposes of this 
title, to prevent circumvention or evasion thereof, or 
to facilitate compliance therewith.’’; 
(8) in section 108 (15 U.S.C. 1604), by adding at the end 
the following: 
(A) by striking subsection (a) and inserting the fol-
lowing: 
‘‘(a) ENFORCING AGENCIES.—Subject to subtitle B of the Con-
sumer Financial Protection Act of 2010, compliance with the 
requirements imposed under this title shall be enforced under— 
‘‘(1) section 8 of the Federal Deposit Insurance Act, by 
the appropriate Federal banking agency, as defined in section 
3(q) of the Federal Deposit Insurance Act (12 U.S.C. 1813(q)), 
with respect to— 
‘‘(A) national banks, Federal savings associations, and 
Federal branches and Federal agencies of foreign banks; 
‘‘(B) member banks of the Federal Reserve System 
(other than national banks), branches and agencies of for-
eign banks (other than Federal branches, Federal agencies, 
and insured State branches of foreign banks), commercial 
lending companies owned or controlled by foreign banks, 
and organizations operating under section 25 or 25A of 
the Federal Reserve Act; and
H. R. 4173—734 
‘‘(C) banks and State savings associations insured by 
the Federal Deposit Insurance Corporation (other than 
members of the Federal Reserve System), and insured State 
branches of foreign banks; 
‘‘(2) the Federal Credit Union Act, by the Director of the 
National Credit Union Administration, with respect to any 
Federal credit union; 
‘‘(3) the Federal Aviation Act of 1958, by the Secretary 
of Transportation, with respect to any air carrier or foreign 
air carrier subject to that Act; 
‘‘(4) the Packers and Stockyards Act, 1921 (except as pro-
vided in section 406 of that Act), by the Secretary of Agriculture, 
with respect to any activities subject to that Act; 
‘‘(5) the Farm Credit Act of 1971, by the Farm Credit 
Administration with respect to any Federal land bank, Federal 
land bank association, Federal intermediate credit bank, or 
production credit association; and 
‘‘(6) subtitle E of the Consumer Financial Protection Act 
of 2010, by the Bureau, with respect to any person subject 
to this title.’’; and 
(B) by striking subsection (c) and inserting the fol-
lowing: 
‘‘(c) OVERALL ENFORCEMENT AUTHORITY OF THE FEDERAL TRADE 
COMMISSION.—Except to the extent that enforcement of the require-
ments imposed under this title is specifically committed to some 
other Government agency under any of paragraphs (1) through 
(5) of subsection (a), and subject to subtitle B of the Consumer 
Financial Protection Act of 2010, the Federal Trade Commission 
shall be authorized to enforce such requirements. For the purpose 
of the exercise by the Federal Trade Commission of its functions 
and powers under the Federal Trade Commission 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 func-
tions and powers of the Federal Trade Commission under the Fed-
eral Trade Commission Act are available to the Federal Trade 
Commission to enforce compliance by any person with the require-
ments under this title, irrespective of whether that person is 
engaged in commerce or meets any other jurisdictional tests under 
the Federal Trade Commission Act.’’; and 
(9) in section 129 (15 U.S.C. 1639), by striking subsection 
(m) and inserting the following: 
‘‘(m) 
CIVIL
PENALTIES
IN
FEDERAL
TRADE
COMMISSION 
ENFORCEMENT ACTIONS.—For purposes of enforcement by the Fed-
eral Trade Commission, any violation of a regulation issued by 
the Bureau pursuant to subsection (l)(2) shall be treated as a 
violation of a rule promulgated under section 18 of the Federal 
Trade Commission Act (15 U.S.C. 57a) regarding unfair or deceptive 
acts or practices.’’; and 
(10) in chapter 5 (15 U.S.C. 1667 et seq.)— 
(A) by striking ‘‘the Board’’ each place that term 
appears and inserting ‘‘the Bureau’’; and 
(B) by striking ‘‘The Board’’ each place that term 
appears and inserting ‘‘The Bureau’’. 
SEC. 1100B. AMENDMENTS TO THE TRUTH IN SAVINGS ACT. 
The Truth in Savings Act (12 U.S.C. 4301 et seq.) is amended—
H. R. 4173—735 
(1) by striking ‘‘Board’’ each place that term appears, other 
than in section 272(b) (12 U.S.C. 4311), and inserting ‘‘Bureau’’; 
(2) in section 270(a) (12 U.S.C. 4309)— 
(A) by striking ‘‘Compliance’’ and all that follows 
through the end of paragraph (1) and inserting: ‘‘Subject 
to subtitle B of the Consumer Financial Protection Act 
of 2010, compliance with the requirements imposed under 
this subtitle shall be enforced under— 
‘‘(1) section 8 of the Federal Deposit Insurance Act by 
the appropriate Federal banking agency (as defined in section 
3(q) of that Act), with respect to— 
‘‘(A) insured depository institutions (as defined in sec-
tion 3(c)(2) of that Act); 
‘‘(B) depository institutions described in clause (i), (ii), 
or (iii) of section 19(b)(1)(A) of the Federal Reserve Act 
which are not insured depository institutions (as defined 
in section 3(c)(2) of the Federal Deposit Insurance Act); 
and 
‘‘(C) depository institutions described in clause (v) or 
(vi) of section 19(b)(1)(A) of the Federal Reserve Act which 
are not insured depository institutions (as defined in section 
3(c)(2) of the Federal Deposit Insurance Act);’’; 
(B) in paragraph (2), by striking the period at the 
end and inserting ‘‘; and’’; and 
(C) by adding at the end the following: 
‘‘(3) subtitle E of the Consumer Financial Protection Act 
of 2010, by the Bureau, with respect to any person subject 
to this subtitle.’’; 
(3) in section 272(b) (12 U.S.C. 4311(b)), by striking ‘‘regula-
tion prescribed by the Board’’ each place that term appears 
and inserting ‘‘regulation prescribed by the Bureau’’; and 
(4) in section 274 (12 U.S.C. 4313), by striking paragraph 
(4) and inserting the following: 
‘‘(4) BUREAU.—The term ‘Bureau’ means the Bureau of 
Consumer Financial Protection.’’. 
SEC. 1100C. AMENDMENTS TO THE TELEMARKETING AND CONSUMER 
FRAUD AND ABUSE PREVENTION ACT. 
(a) AMENDMENTS TO SECTION 3.—Section 3 of the Telemarketing 
and Consumer Fraud and Abuse Prevention Act (15 U.S.C. 6102) 
is amended by striking subsections (b) and (c) and inserting the 
following: 
‘‘(b) RULEMAKING AUTHORITY.—The Commission shall have 
authority to prescribe rules under subsection (a), in accordance 
with section 553 of title 5, United States Code. In prescribing 
a rule under this section that relates to the provision of a consumer 
financial product or service that is subject to the Consumer Finan-
cial Protection Act of 2010, including any enumerated consumer 
law thereunder, the Commission shall consult with the Bureau 
of Consumer Financial Protection regarding the consistency of a 
proposed rule with standards, purposes, or objectives administered 
by the Bureau of Consumer Financial Protection. 
‘‘(c) VIOLATIONS.—Any violation of any rule prescribed under 
subsection (a)— 
‘‘(1) shall be treated as a violation of a rule under section 
18 of the Federal Trade Commission Act regarding unfair or 
deceptive acts or practices; and