12 CFR 1001.1 – Authority and purpose
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Under 12 U.S.C. § 5481(15)(A)(xi), the Bureau is authorized to define certain financial products or services for purposes of title X of the Dodd-Frank Act, Public Law 111-203, 124 Stat. 1376 (2010) (Title X) in addition to those defined in 12 U.S.C. § 5481(15)(A)(i)-(x). The purpose of this part is to implement that authority.
Terms Used In 12 CFR 1001.1
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.