Page:United States Statutes at Large Volume 124.djvu/2126

 124 STAT. 2100 PUBLIC LAW 111–203—JULY 21, 2010 (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