SEPTEMBER 25, 2009
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Consumer Financial
Protection Agency Act of 2009’’.
SEC. 2. TABLE OF CONTENTS.
The table of contents for this Act is as follows:
Sec.1.Short title.Sec.2.Table of contents.TITLE I—CONSUMER FINANCIAL PROTECTION AGENCYSec.101.Definitions.Subtitle A—Establishment of the Agency Sec.111.Establishment of the Consumer Financial Protection Agency.Sec.112.Director.Sec.113.Consumer Financial Protection Oversight Board.Sec.114.Executive and administrative powers.Sec.115.Administration.Sec.116.Consumer Advisory Board.Sec.117.Coordination.Sec.118.Reports to the Congress.Sec.119.Funding; fees and assessments; penalties and fines.Sec.120.Amendments relating to other administrative provisions.Sec.120A.Effective date.Subtitle B—General Powers of the Director and Agency Sec.121.Mandate and objectives.Sec.122.Authorities.Sec.123.Simultaneous and coordinated supervisory action.Sec.124.Limitations on authority of agency and director.Sec.125.Collection of information; confidentiality regulations.Sec.126.Monitoring; assessments of significant regulations; reports.Sec.127.Authority to restrict mandatory predispute arbitration.Sec.128.Registration and supervision of nondepository covered persons.Sec.129.Effective date.Subtitle C—Specific AuthoritiesSec.131.Prohibiting unfair, deceptive, or abusive acts or practices.Sec.132.Disclosures.Sec.133.Sales practices.
September 24, 2009 (10:00 p.m.)