Page:United States Statutes at Large Volume 124.djvu/2109

 124 STAT. 2083 PUBLIC LAW 111–203—JULY 21, 2010 (iii) by redesignating paragraphs (3) through (5) as paragraphs (2) through (4), respectively; (iv) in paragraph (2) (as so redesignated), by striking the period at the end and inserting a semi- colon; (v) in paragraph (3) (as so redesignated), by striking ‘‘and’’ at the end; (vi) in paragraph (4) (as so redesignated), by striking the period at the end and inserting ‘‘and’’; and (vii) by adding at the end the following: ‘‘(5) subtitle E of the Consumer Financial Protection Act of 2010, by the Bureau, with respect to any person subject to this title, except that the Bureau shall not have authority to enforce the requirements of section 920 or any regulations prescribed by the Board under section 920.’’; (B) in subsection (b), by inserting ‘‘any of paragraphs (1) through (4) of’’ before ‘‘subsection (a)’’ each place that term appears; and (C) 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 (4) 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 subject to the jurisdiction of the Federal Trade Commission 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.’’. SEC. 1085. AMENDMENTS TO THE EQUAL CREDIT OPPORTUNITY ACT. The Equal Credit Opportunity Act (15 U.S.C. 1691 et seq.) is amended— (1) by striking ‘‘Board’’ each place that term appears, other than in section 703(f) (as added by this section) and section 704(a)(4) (15 U.S.C. 1691c(a)(4)), 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)— (A) by striking the section heading and inserting the following: ‘‘SEC. 703. PROMULGATION OF REGULATIONS BY THE BUREAU .’’; (B) by striking ‘‘(a) REGULATIONS.—’ ’; (C) by striking subsection (b); Definition.