Sec. 15. Federal enforcement
398 words·~2 min read·
/bill/116/s/1214/is/section-15A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as provided in subsection (b), a violation of this Act or a regulation promulgated under this Act shall be treated as a violation of a rule defining an unfair or deceptive act or practice prescribed under section 18(a)(1)(B) of the Federal Trade Commission Act ( 15 U.S.C. 57a(a)(1)(B) ). Except as provided in subsection (b), the Commission shall enforce this Act and any regulations promulgated under this Act in the same manner, by the same means, and with the same jurisdiction, powers, and duties as though all applicable terms and provisions of the Federal Trade Commission Act ( 15 U.S.C. 41 et seq.) were incorporated into and made a part of this Act.
Any person who violates this Act or a regulation promulgated under this Act shall be subject to the penalties and entitled to the privileges and immunities provided in the Federal Trade Commission Act ( 15 U.S.C. 41 et seq.). Compliance with this Act and the regulations promulgated under this Act shall be enforced as follows: Under section 8 of the Federal Deposit Insurance Act ( 12 U.S.C. 1818 ) by the appropriate Federal banking agency, with respect to an insured depository institution (as those terms are defined in section 3 of that Act ( 12 U.S.C. 1813 )).
Under the Federal Credit Union Act ( 12 U.S.C. 1751 et seq.) by the National Credit Union Administration Board, with respect to any Federal credit union. Under part A of subtitle VII of title 49, United States Code, by the Secretary of Transportation, with respect to any air carrier or foreign air carrier subject to that part. Under the Packers and Stockyards Act, 1921 ( 7 U.S.C. 181 et seq.) (except as provided in section 406 of that Act ( 7 U.S.C. 226 , 227)) by the Secretary of Agriculture, with respect to any activities subject to that Act.
Under the Farm Credit Act of 1971 ( 12 U.S.C. 2001 et seq.) by the Farm Credit Administration, with respect to any Federal land bank, Federal land bank association, Federal intermediate credit bank, or production credit association. It shall be unlawful for any covered entity to commit an act prohibited under this Act or a regulation promulgated under this Act, regardless of any specific agreement between entities or individuals. The rights and remedies provided under this Act may not be waived or limited by contract or otherwise.
Connectionstraces to 8
Traces to 8 documents
U.S. Code
- Unfair or deceptive acts or practices rulemaking proceedings§ 57a
- Federal Trade Commission established; membership; vacancies; seal§ 41
- Termination of status as insured depository institution§ 1818
- Definitions§ 1813
- Short title§ 1751
- Short title§ 181
- Powers of Interstate Commerce Commission unaffected§ 226
- DEFINITIONS.§ 2001
Citation graph
cites case law
Sec. 15
Federal enforcement
Cites 8Cited by 0 across 0 sources