15 USC 6822 - Administrative enforcement

U.S Code last checked for updates: Apr 28, 2024

§ 6822.

Administrative enforcement

(a)

Enforcement by Federal Trade Commission

(b)

Enforcement by other agencies in certain cases

(1)

In general

Compliance with this subchapter shall be enforced under—

(A)

section 8 of the Federal Deposit Insurance Act [12 U.S.C. 1818], in the case of—

(i)

national banks, and Federal branches and Federal agencies of foreign banks, by the Office of the Comptroller of the Currency;

(ii)

member banks of the Federal Reserve System (other than national banks), branches and agencies of foreign banks (other than Federal branches, Federal agencies, and insured State branches of foreign banks), commercial lending companies owned or controlled by foreign banks, and organizations operating under section 25 or 25A of the Federal Reserve Act [

(iii)

banks insured by the Federal Deposit Insurance Corporation (other than members of the Federal Reserve System and national nonmember banks) and insured State branches of foreign banks, by the Board of Directors of the Federal Deposit Insurance Corporation; and

(iv)

savings associations the deposits of which are insured by the Federal Deposit Insurance Corporation, by the Director of the Office of Thrift Supervision; and

(B)

the Federal Credit Union Act [12 U.S.C. 1751 et seq.], by the Administrator of the National Credit Union Administration with respect to any Federal credit union.

(2)

Violations of this subchapter treated as violations of other laws

(Pub. L. 106–102, title V, § 522, Nov. 12, 1999, 113 Stat. 1447.)

cite as: 15 USC 6822