Source: https://www.law.cornell.edu/uscode/text/12/5491
Timestamp: 2015-08-31 16:26:00
Document Index: 465514521

Matched Legal Cases: ['§ 5491', '§ 5491', '§ 5491', '§\u202f5491', '§\u202f1011', '§\u202f1018', '§\u202f1011']

12 U.S. Code § 5491 - Establishment of the Bureau of Consumer Financial Protection | US Law | LII / Legal Information Institute
U.S. Code › Title 12 › Chapter 53 › Subchapter V › Part A › § 5491 12 U.S. Code § 5491 - Establishment of the Bureau of Consumer Financial Protection
§ 5491.
Establishment of the Bureau of Consumer Financial Protection
There is established in the Federal Reserve System, an independent bureau to be known as the “Bureau of Consumer Financial Protection”, which shall regulate the offering and provision of consumer financial products or services under the Federal consumer financial laws. The Bureau shall be considered an Executive agency, as defined in section 105 of title 5. Except as otherwise provided expressly by law, all Federal laws dealing with public or Federal contracts, property, works, officers, employees, budgets, or funds, including the provisions of chapters 5 and 7 of title 5, shall apply to the exercise of the powers of the Bureau.
(5) Deputy DirectorThere is established the position of Deputy Director, who shall—
be appointed by the Director; and
serve as acting Director in the absence or unavailability of the Director.
(Pub. L. 111–203, title X, § 1011, July 21, 2010, 124 Stat. 1964.)
Pub. L. 111–203, title X, § 1018, July 21, 2010, 124 Stat. 1979, provided that: “This subtitle [subtitle A (§§ 1011–1018), enacting this part and amending section 9702 of Title 20, Education] shall become effective on the date of enactment of this Act [July 21, 2010].”