12 U.S.C. § 2806

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)
Section 2806 - Compliance improvement methods
(a) In general
(1) Consultation required

The Director of the Bureau of Consumer Financial Protection, with the assistance of the Secretary, the Director of the Bureau of the Census, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and such other persons as the Bureau deems appropriate, shall develop or assist in the improvement of, methods of matching addresses and census tracts to facilitate compliance by depository institutions in as economical a manner as possible with the requirements of this chapter.

(2) Authorization of appropriations

There are authorized to be appropriated, such sums as may be necessary to carry out this subsection.

(3) Contracting authority

The Director of the Bureau of Consumer Financial Protection is authorized to utilize, contract with, act through, or compensate any person or agency in order to carry out this subsection.

(b) Recommendations to Congress

The Director of the Bureau of Consumer Financial Protection shall recommend to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives, such additional legislation as the Director of the Bureau of Consumer Financial Protection deems appropriate to carry out the purpose of this chapter.

12 U.S.C. § 2806

Pub. L. 94-200, title III, §307, as added Pub. L. 111-203, title X, §1094(6), July 21, 2010, 124 Stat. 2101.

EDITORIAL NOTES

PRIOR PROVISIONSA prior section 2806, Pub. L. 94-200, title III, §307, Dec. 31, 1975, 89 Stat. 1127; Pub. L. 100-628, title X, §1087(c), Nov. 7, 1988, 102 Stat. 3280; Pub. L. 101-73, title VII, §744(p)(3), Aug. 9, 1989, 103 Stat. 440, which related to research and improved methods; authorization of appropriations; recommendations to congressional committees, was repealed by Pub. L. 111-203, title X, §1094(6), July 21, 2010, 124 Stat. 2101.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATESection effective on the designated transfer date, see section 1100H of Pub. L. 111-203 set out as an Effective Date of 2010 Amendment note under section 552a of Title 5, Government Organization and Employees.

Director
The term "Director" means the Director of the Bureau.
consumer
The term "consumer" means an individual or an agent, trustee, or representative acting on behalf of an individual.
designated transfer date
The term "designated transfer date" means the date established under section 5582 of this title.
person
The term "person" means an individual, partnership, company, corporation, association (incorporated or unincorporated), trust, estate, cooperative organization, or other entity.
Board
the term "Board" means the Board of Governors of the Federal Reserve System; and
Bureau
the term "Bureau" means the Bureau of Consumer Financial Protection;
Secretary
the term "Secretary" means the Secretary of Housing and Urban Development.1 So in original. Probably should be "paragraph (5)".