Page:United States Statutes at Large Volume 124.djvu/2119

This page needs to be proofread.

124 STAT. 2093 PUBLIC LAW 111–203—JULY 21, 2010 under the Federal Trade Commission Act are available to the Fed- eral Trade Commission to enforce compliance by any person with this title, irrespective of whether that person is engaged in com- merce or meets any other jurisdictional tests under the Federal Trade Commission Act, including the power to enforce the provisions of this title, in the same manner as if the violation had been a violation of a Federal Trade Commission trade regulation rule.’’; and (B) in subsection (b)— (i) by striking ‘‘Compliance’’ and inserting ‘‘Subject to subtitle B of the Consumer Financial Protection Act of 2010, compliance’’; (ii) by striking paragraphs (1) and (2) and inserting the following: ‘‘(1) section 8 of the Federal Deposit Insurance Act, by 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— ‘‘(A) national banks, Federal savings associations, and Federal branches and Federal agencies of foreign banks; ‘‘(B) member banks of the Federal Reserve System (other than national banks), branches and agencies of for- eign banks (other than Federal branches, Federal agencies, and insured State branches of foreign banks), commercial lending companies owned or controlled by foreign banks, and organizations operating under section 25 or 25A of the Federal Reserve Act; and ‘‘(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;’’; (iii) by redesignating paragraphs (3) through (6), as paragraphs (2) through (5), respectively; (iv) in paragraph (4) (as so redesignated), by striking ‘‘and’’ at the end; (v) in paragraph (5) (as so redesignated), by striking the period at the end and inserting ‘‘; and’’; and (vi) by inserting before the undesignated matter at the end the following: ‘‘(6) subtitle E of the Consumer Financial Protection Act of 2010, by the Bureau, with respect to any person subject to this title.’’. (4) in subsection (d), by striking ‘‘Neither the Commission’’ and all that follows through the end of the subsection and inserting the following: ‘‘Except as provided in section 1029(a) of the Consumer Financial Protection Act of 2010, the Bureau may prescribe rules with respect to the collection of debts by debt collectors, as defined in this title.’’. SEC. 1090. AMENDMENTS TO THE FEDERAL DEPOSIT INSURANCE ACT. The Federal Deposit Insurance Act (12 U.S.C. 1811 et seq.) is amended— (1) in section 8(t) (12 U.S.C. 1818(t)), by adding at the end the following: