12 CFR 1001.1 - Authority and purpose.

Regulations last checked for updates: Nov 22, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024

View all text of Part 1001 [§ 1001.1 - § 1001.2]

§ 1001.1 - Authority and purpose.

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.

authority: 12 U.S.C. 5481(15)(A)(xi); and 12 U.S.C. 5512(b)(1)

source: 80 FR 37526, June 30, 2015, unless otherwise noted.

cite as: 12 CFR 1001.1