Attachment 1
Agencies’ Responsibilities for Assessing Compliance of Very Large Banks, Savings Associations, and Credit Unions
CFPB. For Very Large insured depository institutions and credit unions, the Dodd-Frank Act transferred to the CFPB the responsibility for assessing compliance with the following Federal consumer financial laws:
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Alternative Mortgage Transaction Parity Act of 1982 (12 U.S.C. § 3801 et seq.)
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Consumer Leasing Act of 1976 (15 U.S.C. § 1667 et seq.)
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Electronic Fund Transfer Act (15 U.S.C. § 1693 et seq.), except with respect to section 920 of that Act
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Equal Credit Opportunity Act (15 U.S.C. § 1691 et seq.)
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Fair Credit Billing Act (15 U.S.C. § 1666 et seq.)
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Fair Credit Reporting Act (15 U.S.C. § 1681 et seq.), except with respect to sections 615(e) and 628 of that Act (15 U.S.C. § 1681m(e), 1681w)
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Home Owners Protection Act of 1998 (12 U.S.C. § 4901 et seq.)
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Fair Debt Collection Practices Act (15 U.S.C. § 1692 et seq.)
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Subsections (b) through (f) of section 43 of the Federal Deposit Insurance Act (12 U.S.C. § 1831t(c)[(b)]–(f))
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Sections 502 through 509 of the Gramm-Leach-Bliley Act (15 U.S.C. §§ 6802–6809) except for section 505 as it applies to section 501(b)
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Home Mortgage Disclosure Act of 1975 (12 U.S.C. § 2801 et seq.)
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Home Ownership and Equity Protection Act of 1994 (15 U.S.C. § 1601 note)
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Real Estate Settlement Procedures Act of 1974 (12 U.S.C. § 2601 et seq.)
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S.A.F.E. Mortgage Licensing Act of 2008 (12 U.S.C. § 5101 et seq.)
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Truth in Lending Act (15 U.S.C. § 1601 et seq.)
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Truth in Savings Act (12 U.S.C. § 4301 et seq.)
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Section 626 of the Omnibus Appropriations Act, 2009 (Public Law 111–8)
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Interstate Land Sales Full Disclosure Act (15 U.S.C. § 1701)
Prudential Regulators.The prudential regulators retained responsibility for ensuring compliance by Very Large depository institutions and/or credit unions with several laws or areas of law related to consumer protection, including the following:
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Community Reinvestment Act (CRA) (12 U.S.C. § 2901 et seq.); CRA Sunshine (12 U.S.C. § 1831y)
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Fair Housing Act (42 U.S.C. § 3601 et seq.)
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Fair Credit Reporting Act sections 615(e) (identity theft red flags) and 628 (records disposal) Availability of Funds and Collection of Checks (Regulation CC, 12 C.F.R. Part 229)
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Section 5 of the Federal Trade Commission Act (15 U.S.C. § 45)
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National Flood Insurance Act (42 U.S.C. § 4011)
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Protecting Tenants at Foreclosure Act (Title VII of Public Law 111-22)
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Home Ownership Counseling (under HUD authority), (12 U.S.C. § 1701x)
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Advertising of FDIC Membership (prescribing use of official FDIC logo and statement on FDIC membership and restricting use in advertisement of non-deposit products such as insurance products (12 C.F.R. Part 328)
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Servicemembers Civil Relief Act and Talent Amendment (50 U.S.C. App. §§ 501-597b)
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Military Lending Act (formerly the Talent Amendment) (10 U.S.C. § 987); Limitations on Terms of Consumer Credit Extended to Service Members and Dependents (32 C.F.R. Part 232)16
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Section 19 of the Federal Reserve Act (12 U.S.C. § 461) (Reserve Requirements of Depository Institutions)
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Right to Financial Privacy Act (12 U.S.C. § 3401 et seq.)
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Notice of Branch Closure (12 U.S.C. § 1831r-1)
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Section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 (12 U.S.C. 1835a); Prohibition Against Use of Interstate Branches Primarily for Deposit Production (12 C.F.R. Part 369)
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Government Securities Act of 1986 (Public Law 99-571)
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Exemptions and Definitions Related to the Exceptions for Banks from the Definition of Broker (Regulation R, 17 C.F.R. Part 247)
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Internet/electronic banking/electronic marketing Acts, such as
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Children’s Online Privacy Protection Act of 1998 (15 U.S.C. §§ 6501-6505);
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Controlling the Assault of Non-solicited Pornography and Marketing Act of 2003 (15 U.S.C. § 7701 et seq.);
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Telephone Consumer Protection Act of 1991 (47 U.S.C. § 227); and
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Electronic Signatures in Global and National Commerce Act (15 U.S.C. § 7001 et seq.)
