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PUBLIC LAW 111–203—JULY 21, 2010 124 STAT. 2087

‘‘(w) The term ‘Bureau’ means the Bureau of Consumer Finan- Definition. cial Protection.’’; and (2) except as otherwise specifically provided in this sub- section— (A) by striking ‘‘Federal Trade Commission’’ each place 15 USC 1681a et that term appears and inserting ‘‘Bureau’’; seq. (B) by striking ‘‘FTC’’ each place that term appears 15 USC 1681s. and inserting ‘‘Bureau’’; (C) by striking ‘‘the Commission’’ each place that term 15 USC 1681a et appears, other than sections 615(e) (15 U.S.C. 1681m(e)) seq. and 628(a)(1) (15 U.S.C. 1681w(a)(1)), and inserting ‘‘the Bureau’’; and (D) by striking ‘‘The Federal banking agencies, the 15 USC 1681c, National Credit Union Administration, and the Commission 1681s–2. shall jointly’’ each place that term appears, other than section 615(e)(1) (15 U.S.C. 1681m(e)) and section 628(a)(1) (15 U.S.C. 1681w(a)(1)), and inserting ‘‘The Bureau shall’’; (3) in section 603(k)(2) (15 U.S.C. 1681a(k)(2)), by striking ‘‘Board of Governors of the Federal Reserve System’’ and inserting ‘‘Bureau’’; (4) in section 604(g) (15 U.S.C. 1681b(g))— (A) in paragraph (3), by striking subparagraph (C) and inserting the following: ‘‘(C) as otherwise determined to be necessary and appropriate, by regulation or order, by the Bureau or the applicable State insurance authority (with respect to any person engaged in providing insurance or annuities).’’; and (B) by striking paragraph (5) and inserting the fol- lowing: ‘‘(5) REGULATIONS AND EFFECTIVE DATE FOR PARAGRAPH (2).— ‘‘(A) REGULATIONS REQUIRED.—The Bureau may, after notice and opportunity for comment, prescribe regulations that permit transactions under paragraph (2) that are determined to be necessary and appropriate to protect legitimate operational, transactional, risk, consumer, and other needs (and which shall include permitting actions necessary for administrative verification purposes), con- sistent with the intent of paragraph (2) to restrict the use of medical information for inappropriate purposes.’’; (5) in section 605(h)(2)(A) (15 U.S.C. 1681c(h)(2)(A)), by striking ‘‘with respect to the entities that are subject to their respective enforcement authority under section 621’’ and inserting ‘‘, in consultation with the Federal banking agencies, the National Credit Union Administration, and the Federal Trade Commission,’’. (6) in section 611(e)(2) (15 U.S.C. 1681i(e)), by striking paragraph (2) and inserting the following: ‘‘(2) EXCLUSION.—Complaints received or obtained by the Bureau pursuant to its investigative authority under the Con- sumer Financial Protection Act of 2010 shall not be subject to paragraph (1).’’; (7) in section 615(d)(2)(B) (15 U.S.C. 1681m(d)(2)(B)), by striking ‘‘the Federal banking agencies’’ and inserting ‘‘the Fed- LAWS eral Trade Commission, the Federal banking agencies,’’; (8) in section 615(e)(1) (15 U.S.C. 1681m(e)(1)), by striking ‘‘and the Commission’’ and inserting ‘‘the Federal TradePUBLIC with on anorris VerDate Nov 24 2008 18:46 Sep 08, 2010 Jkt 089139 PO 00203 Frm 00713 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 PUBL203