Sec. 5. Executive and administration powers
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Section 1012 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5492 ) is amended— by redesignating subsection
(c)as subsection (d); and by inserting after subsection
(b)the following: Notwithstanding subsections
(a)and (b), section 1013(a), and any other provision of law, with respect to the specific functional units and offices described under subsections (b), (c), (d), (e), (g), and
(h)of section 1013 and the advisory boards described under section 1014, the Director— shall ensure that such functional units, offices, and boards perform the functions, duties, and coordination assigned to them under the applicable provision of section 1013 or 1014; and may not reorganize or rename such units, offices, and boards in a manner not provided for under the applicable provision of section 1013 or 1014. . Section 1013(a)(1) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5493(a)(1) ) is amended by adding at the end the following: The Director shall ensure that the specific functional units and offices established under section 1013, as well as other units and offices with supervisory and enforcement duties, are provided with sufficient staff to carry out the functions, duties, and coordination of those units and offices. . Section 1013(a)(1) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5493(a)(1) ) is amended by adding at the end the following: In appointing employees of the Bureau who are political appointees, the Director shall ensure that the number and duties of such political appointees are as similar as possible to those of the other Federal primary financial regulatory agencies. For purposes of this subparagraph, the term political appointee means an employee who holds— a position which has been excepted from the competitive service by reason of its confidential, policy-determining, policy-making, or policy-advocating character; a position in the Senior Executive Service as a noncareer appointee (as such term is defined in section 3132(a) of title 5, United States Code); or a position under the Executive Schedule (subchapter II of chapter 53 of title 5, United States Code). . Section 1013(b)(3) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5493(b)(3) ) is amended— in subparagraph (A)— by inserting publicly available before website ; by inserting publicly available before database , each place such term appears; and by adding at the end the following: The Director shall ensure that the landing page of the main website of the Bureau contains a clear and conspicuous hyperlink to the consumer complaint database described in this subparagraph and shall ensure that such database is user-friendly and in plain writing (as such term is defined in the Plain Writing Act of 2010). The Director shall ensure that all information on the website or the database that explains how to file a complaint with the Bureau, as well as all reports of the Bureau with respect to information contained in the database, shall be provided in each of the five most commonly spoken languages, other than English, in the United States, as determined by the Bureau of the Census on an ongoing basis, and in formats accessible to individuals with hearing or vision impairments. ; and by adding at the end the following: The Director shall— make all consumer complaints available to the public on a website of the Bureau; place a clear and conspicuous hyperlink on the landing page of the main website of the Bureau to the website described under subclause (I); and ensure that such website— is searchable and sortable by both consumer financial product or service and by covered person; and is user-friendly and written in plain language. For purposes of clause (i), in addition to all complaints described under subparagraph (A), consumer complaints shall include any complaints submitted with, or as part of, an inquiry described under section 1034. In making the information described under clause
(i)available to the public, the Director shall remove all personally identifiable information. . The Director of the Consumer Financial Protection Bureau shall ensure— that the database and website described under section 1013(b)(3) of the Consumer Financial Protection Act of 2010 have, at a minimum, the same availability, transparency, and functionality that such database and website had prior to November 24, 2017; and that consumers are able, at a minimum, to submit complaints to the Bureau with respect to— any covered person or service provider; and any financial product or service. For purposes of this paragraph, the terms covered person , financial product or service , and service provider have the meaning given those terms, respectively, under section 1002 of the Consumer Financial Protection Act of 2010. Not later than the end of the 30-day period beginning on the date of enactment of this Act, the Director of the Consumer Financial Protection Bureau shall issue a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate listing— each memorandum of understanding in effect with the Bureau on November 24, 2017; any changes made to such a memorandum of understanding since such date, including any memorandum of understanding rescinded since such date; and a justification for each such change or rescission. Section 1016(c) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5496(c) ) is amended— in paragraph (8), by striking and at the end; in paragraph (9), by striking the period and inserting a semicolon; and by adding at the end the following: a list of each memorandum of understanding in effect with the Bureau, any changes made to a memorandum of understanding since the last report was made under subsection (b), and a justification for each such change; . The memoranda of understanding between the Consumer Financial Protection Bureau and the Department of Education titled Memorandum of Understanding Between the Bureau of Consumer Financial Protection and the U.S. Department of Education Concerning the Sharing of Information (October 19, 2011) and Memorandum of Understanding Concerning Supervisory and Oversight Cooperation and Related Information Sharing Between the U.S. Department of Education and the Consumer Financial Protection Bureau (January 9, 2014)— shall remain in effect and may not be terminated by any party to such memoranda; and may only be amended or revised if the parties to the memoranda determine that such amendment or revision would promote better interagency coordination to the benefit of consumers. Section 1013 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5493 ) is amended by adding at the end the following: In issuing each report required under section 502(d) of the Credit CARD Act of 2009, the Bureau shall include a numerical estimate of the amount that such Act has saved consumers in fees impacted by such Act, relative to the level of such fees prior to the enactment of such Act. . Public Law 115–74 is hereby repealed. Not later than the end of the 3-day period beginning on the date of enactment of this Act, the Consumer Financial Protection Bureau shall reissue the final rule of the Bureau specified in Public Law 115–74 (relating to Arbitration Agreements ) in the same form as such rule existed on the day before the date of enactment of Public Law 115–74 , except the Bureau shall specify that the rule takes effect after the end of the 60-day period beginning on the date such rule is reissued.
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Sec. 5
Executive and administration powers
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