§ 5564. Litigation authority
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/usc/title-12/section-5564A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)In general If any person violates a Federal consumer financial law, the Bureau may, subject to sections 5514, 5515, and 5516 of this title, commence a civil action against such person to impose a civil penalty or to seek all appropriate legal and equitable relief including a permanent or temporary injunction as permitted by law.
(b)Representation The Bureau may act in its own name and through its own attorneys in enforcing any provision of this title,1 rules thereunder, or any other law or regulation, or in any action, suit, or proceeding to which the Bureau is a party.
(c)Compromise of actions The Bureau may compromise or settle any action if such compromise is approved by the court.
(d)Notice to the Attorney General
(1)In general When commencing a civil action under Federal consumer financial law, or any rule thereunder, the Bureau shall notify the Attorney General and, with respect to a civil action against an insured depository institution or insured credit union, the appropriate prudential regulator.
(2)Notice and coordination
(A)Notice of other actions In addition to any notice required under paragraph (1), the Bureau shall notify the Attorney General concerning any action, suit, or proceeding to which the Bureau is a party, except an action, suit, or proceeding that involves the offering or provision of consumer financial products or services.
(B)Coordination In order to avoid conflicts and promote consistency regarding litigation of matters under Federal law, the Attorney General and the Bureau shall consult regarding the coordination of investigations and proceedings, including by negotiating an agreement for coordination by not later than 180 days after the designated transfer date. The agreement under this subparagraph shall include provisions to ensure that parallel investigations and proceedings involving the Federal consumer financial laws are conducted in a manner that avoids conflicts and does not impede the ability of the Attorney General to prosecute violations of Federal criminal laws.
(C)Rule of construction Nothing in this paragraph shall be construed to limit the authority of the Bureau under this title,1 including the authority to interpret Federal consumer financial law.
(e)Appearance before the Supreme Court The Bureau may represent itself in its own name before the Supreme Court of the United States, provided that the Bureau makes a written request to the Attorney General within the 10-day period which begins on the date of entry of the judgment which would permit any party to file a petition for writ of certiorari, and the Attorney General concurs with such request or fails to take action within 60 days of the request of the Bureau.
(f)Forum Any civil action brought under this title 1 may be brought in a United States district court or in any court of competent jurisdiction of a state in a district in which the defendant is located or resides or is doing business, and such court shall have jurisdiction to enjoin such person and to require compliance with any Federal consumer financial law.
(g)Time for bringing action
(1)In general Except as otherwise permitted by law or equity, no action may be brought under this title 1 more than 3 years after the date of discovery of the violation to which an action relates.
(2)Limitations under other Federal laws
(A)In general An action arising under this title 1 does not include claims arising solely under enumerated consumer laws.
(B)Bureau authority In any action arising solely under an enumerated consumer law, the Bureau may commence, defend, or intervene in the action in accordance with the requirements of that provision of law, as applicable.
(C)Transferred authority In any action arising solely under laws for which authorities were transferred under subtitles F and H, the Bureau may commence, defend, or intervene in the action in accordance with the requirements of that provision of law, as applicable.
(Pub. L. 111–203, title X, § 1054, July 21, 2010, 124 Stat. 2028.)
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- 1
- Pub. L. 111–203, title X, § 1054
- 124 Stat. 2028
- Pub. L. 111–203
- 124 Stat. 1955
- 124 Stat. 2035
- 124 Stat. 2080
- section 1058 of Pub. L. 111–203
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§ 5564
Litigation authority
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Fed. Reg.×2
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Pub. L.Pub. L. 111–203, title X, § 1054
Stat.124 Stat. 2028
Pub. L.Pub. L. 111–203
Stat.124 Stat. 1955
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