Page:United States Statutes at Large Volume 82.djvu/192

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[82 STAT. 150]
[82 STAT. 150]
PUBLIC LAW 90-000—MMMM. DD, 1968

150

80 Stat. 1046. 12 USC 1818.

?2 USC 1464.' 80 Stat. 1036. 47 ^t^a^. 7^7° 69 Stat. 640. ' 143^7"^^ ^^^^' 12 USC 1751.

11 us^c uoi note. 42 Stat. 159. 7 USC 181.

38 Stat. 717. IS u s e 58.

PUBLIC LAW 90-321-MAY 29, 1968

[82 STAT.

§108. Administrative enforcement (a) Compliance with the requirements imposed under this title shall be enforced under (1) section 8 of the Federal Deposit Insurance Act, in the case of (A) national banks, by the Comptroller of the Currency. (B) member banks of the Federal Reserve System (other than national banks), by the Board. (C) banks insured by the Federal Deposit Insurance Corporation (other than members of the Federal Reserve System), by the Board of Directors of the Federal Deposit Insurance Corporation. (2) section 5(d) of the Home Owners' Loan Act of 1933, section 407 of the National Housing Act, and sections 6(i) and 17 of the Federal Home Loan Bank Act, by the Federal Home Loan Bank Board (acting directly or through the Federal Savings and Loan Insurance Corporation), in the case of any institution subject to any of those provisions. (3) the Federal Credit Union Act, by the Director of the Bureau of Federal Credit Unions with respect to any Federal credit union, (4) the Acts to regulate commerce, by the Interstate Commerce Commission with respect to any common carrier subject to those Acts. . (^) *^^ Federal Aviation Act of 1958, by the Civil Aeronautics Board with respect to any air carrier or foreign air carrier subject to that Act. (6) the Packers and Stockyards Act, 1921 (except as provided in section 406 of that Act), by the Secretary of Agriculture with respect to any activities subject to that Act. (b) For the purpose of the exercise by any agency referred to in subsection (a) of its powers under any Act referred to in that subsection, a violation of any requirement imposed under this title shall be deemed to be a violation of a requirement imposed under that Act. I n addition to its powers under any provision of law specifically referred to in subsection (a), each of the agencies referred to in that subsection may exercise, for the purpose of enforcing compliance with any requirement imposed under this title, any other authority conferred on it by law. (c) Except to the extent that enforcement of the requirements imposed under this title is specifically committed to some other Government agency under subsection (a), the Federal Trade Commission shall 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 functions and powers of the Federal Trade Commission under the Federal Trade Commission Act are available to the Commission to enforce compliance by any person with the requirements imposed under this title, irrespective of whether that person is engaged in commerce or meets any other jurisdictional tests in the Federal Trade Commission Act. (d) The authority of the Board to issue regulations under this title does not impair the authority of any other agency designated in this section to make rules respecting its own procedures in enforcing compliance with requirements imposed under this title. §109. Views of other agencies I n the exercise of its functions under this title, the Board may obtain upon request the views of any other Federal agency which, in the judgment of the Board, exercises regulatory or supervisory functions with respect to any class of creditors subject to this title.