Sec. 326. Separation of market monitoring functions and supervisory functions
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/bill/114/hr/5983/ih/section-326·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481 et seq. ) is amended— in section 1022(c)— in paragraph (1), by striking In order to support its rulemaking and other functions, the and inserting The ; and in paragraph (4)— in subparagraph (A), by inserting after gather information the following: on a sampling basis ; in subparagraph (B)— in clause (i), by striking a variety of sources, including examination reports concerning covered persons or service providers ; and in clause (ii), by inserting after require the following: , on a sampling basis, ; and in subparagraph (C), by inserting before the period the following: or for purposes of assessing such covered persons’ or service providers’ compliance with the requirements of Federal consumer financial law ; in section 1024(b)(1)— in subparagraph (A), by adding and at the end; in subparagraph (B), by striking ; and and inserting a period; and by striking subparagraph (C); in section 1025(b)(1)— in subparagraph (A), by adding and at the end; in subparagraph (B), by striking ; and and inserting a period; and by striking subparagraph (C); and in section 1026(b), by striking , and to assess and detect risks to consumers and consumer financial markets .
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Sec. 326
Separation of market monitoring functions and supervisory functions
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