Sec. 2. Private parties authorized to compel the Bureau to seek sanctions by filing civil actions; Adjudications deemed actions
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Section 1053 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5563 ) is amended by adding at the end the following: In the case of any person who is a party to a proceeding brought by the Bureau under this section, to which chapter 5 of title 5, United States Code, applies, and against whom an order imposing a cease and desist order or a penalty may be issued at the conclusion of the proceeding, that person may, not later than 20 days after receiving notice of such proceeding, and at that person’s discretion, require the Bureau to terminate the proceeding.
If a person requires the Bureau to terminate a proceeding pursuant to paragraph (1), the Bureau may bring a civil action against that person for the same remedy that might be imposed. Any administrative adjudication commenced under this section shall be deemed an action for purposes of section 1054(g). .
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Sec. 2
Private parties authorized to compel the Bureau to seek sanctions by filing civil actions; Adjudications deemed actions
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