Page:United States Statutes at Large Volume 124.djvu/2008

 124 STAT. 1982 PUBLIC LAW 111–203—JULY 21, 2010 (1) IN GENERAL.—In order to support its rulemaking and other functions, the Bureau shall monitor for risks to consumers in the offering or provision of consumer financial products or services, including developments in markets for such prod- ucts or services. (2) CONSIDERATIONS.—In allocating its resources to perform the monitoring required by this section, the Bureau may con- sider, among other factors— (A) likely risks and costs to consumers associated with buying or using a type of consumer financial product or service; (B) understanding by consumers of the risks of a type of consumer financial product or service; (C) the legal protections applicable to the offering or provision of a consumer financial product or service, including the extent to which the law is likely to adequately protect consumers; (D) rates of growth in the offering or provision of a consumer financial product or service; (E) the extent, if any, to which the risks of a consumer financial product or service may disproportionately affect traditionally underserved consumers; or (F) the types, number, and other pertinent characteris- tics of covered persons that offer or provide the consumer financial product or service. (3) SIGNIFICANT FINDINGS.— (A) IN GENERAL.—The Bureau shall publish not fewer than 1 report of significant findings of its monitoring required by this subsection in each calendar year, beginning with the first calendar year that begins at least 1 year after the designated transfer date. (B) CONFIDENTIAL INFORMATION.—The Bureau may make public such information obtained by the Bureau under this section as is in the public interest, through aggregated reports or other appropriate formats designed to protect confidential information in accordance with para- graphs (4), (6), (8), and (9). (4) COLLECTION OF INFORMATION.— (A) IN GENERAL.—In conducting any monitoring or assessment required by this section, the Bureau shall have the authority to gather information from time to time regarding the organization, business conduct, markets, and activities of covered persons and service providers. (B) METHODOLOGY.—In order to gather information described in subparagraph (A), the Bureau may— (i) gather and compile information from a variety of sources, including examination reports concerning covered persons or service providers, consumer com- plaints, voluntary surveys and voluntary interviews of consumers, surveys and interviews with covered per- sons and service providers, and review of available databases; and (ii) require covered persons and service providers participating in consumer financial services markets to file with the Bureau, under oath or otherwise, in such form and within such reasonable period of time as the Bureau may prescribe by rule or order, annual Publication. Reports. Deadline.