Pub. L. 111-203, tit. X, subtit. H, sec. 1100B

AMENDMENTS TO THE TRUTH IN SAVINGS ACT.

EnactedYear: 2010Length: 285 wordsOfficial source
SEC. 1100B. AMENDMENTS TO THE TRUTH IN SAVINGS ACT. The Truth in Savings Act (12 U.S.C. 4301 et seq.) is amended—124 STAT. 2110(1) by striking “Board” each place that term appears, other than in section 272(b) (12 U.S.C. 4311), and inserting “Bureau”;(2) in section 270(a) (12 U.S.C. 4309)—(A) by striking “Compliance” and all that follows through the end of paragraph (1) and inserting: “Subject to subtitle B of the Consumer Financial Protection Act of 2010, compliance with the requirements imposed under this subtitle shall be enforced under—“(1) section 8 of the Federal Deposit Insurance Act by the appropriate Federal banking agency (as defined in section 3(q) of that Act), with respect to—“(A) insured depository institutions (as defined in section 3(c)(2) of that Act);“(B) depository institutions described in clause (i), (ii), or (iii) of section 19(b)(1)(A) of the Federal Reserve Act which are not insured depository institutions (as defined in section 3(c)(2) of the Federal Deposit Insurance Act); and“(C) depository institutions described in clause (v) or (vi) of section 19(b)(1)(A) of the Federal Reserve Act which are not insured depository institutions (as defined in section 3(c)(2) of the Federal Deposit Insurance Act);”;(B) in paragraph (2), by striking the period at the end and inserting “; and”; and(C) by adding at the end the following:“(3) subtitle E of the Consumer Financial Protection Act of 2010, by the Bureau, with respect to any person subject to this subtitle.”;(3) in section 272(b) (12 U.S.C. 4311(b)), by striking “regulation prescribed by the Board” each place that term appears and inserting “regulation prescribed by the Bureau”; and(4) in section 274 (12 U.S.C. 4313), by striking paragraph (4) and inserting the following:“(4) Bureau.—The term ‘Bureau’ means the Bureau of Consumer Financial Protection.”.
Pub. L. 111-203, tit. X, subtit. H, sec. 1100B: AMENDMENTS TO THE TRUTH IN SAVINGS ACT. | Justis AI