Page:United States Statutes at Large Volume 124.djvu/2135

 124 STAT. 2109 PUBLIC LAW 111–203—JULY 21, 2010 ‘‘(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— 15 USC 1667a, 1667e, 1667f. 15 USC 1667c, 1667e, 1667f.