Sec. 7. Abusive, unfair, or deceptive acts or practices enforcement actions
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Subtitle E of title X of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5561 et seq. ) is amended by adding at the end the following new section: Enforcement actions brought by the Bureau under section 1031 under this title shall be brought in— the United States district court located where the covered person has its headquarters location; or the United States District Court for the District of Columbia. . Section 1031 of the Consumer Financial Protection Act of 2010 is amended by adding at the end the following:
If the Bureau brings an enforcement action under this section, the Bureau shall state with particularity the circumstances that the Bureau alleges constitute violation of this section. If the Bureau brings an enforcement action under this section— claiming that an activity is unfair or deceptive, the Bureau may not claim in the alternative that the activity is abusive; and claiming that an activity is abusive, the Bureau may not claim in the alternative that the activity is unfair or deceptive. .
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Sec. 7
Abusive, unfair, or deceptive acts or practices enforcement actions
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