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depository institution within any State or subdivision thereof, if the agency determines that, under the law of such State or subdivi- sion, that institution is subject to requirements that are substan- tially similar to those imposed under this title, and that such law contains adequate provisions for enforcement. Notwithstanding any other provision of this subsection, compliance with the require- ments imposed under this subsection shall be enforced by the Office of the Comptroller of the Currency under section 8 of the Federal Deposit Insurance Act, in the case of national banks and Federal savings associations, the deposits of which are insured by the Fed- eral Deposit Insurance Corporation.’’; and (6) by striking section 307 (12 U.S.C. 2806) and inserting the following:

‘‘SEC. 307. COMPLIANCE IMPROVEMENT METHODS. 12 USC 2806.
‘‘(a) IN GENERAL.—
‘‘(1) CONSULTATION REQUIRED.—The Director of the Bureau
of Consumer Financial Protection, with the assistance of the
Secretary, the Director of the Bureau of the Census, the Board
of Governors of the Federal Reserve System, the Federal
Deposit Insurance Corporation, and such other persons as the
Bureau deems appropriate, shall develop or assist in the
improvement of, methods of matching addresses and census
tracts to facilitate compliance by depository institutions in as
economical a manner as possible with the requirements of
this title.
‘‘(2) AUTHORIZATION OF APPROPRIATIONS.—There are
authorized to be appropriated, such sums as may be necessary
to carry out this subsection.
‘‘(3) CONTRACTING AUTHORITY.—The Director of the Bureau
of Consumer Financial Protection is authorized to utilize, con-
tract with, act through, or compensate any person or agency
in order to carry out this subsection.
‘‘(b) RECOMMENDATIONS TO CONGRESS.—The Director of the
Bureau of Consumer Financial Protection shall recommend to the
Committee on Banking, Housing, and Urban Affairs of the Senate
and the Committee on Financial Services of the House of Represent-
atives, such additional legislation as the Director of the Bureau
of Consumer Financial Protection deems appropriate to carry out
the purpose of this title.’’.

SEC. 1095. AMENDMENTS TO THE HOMEOWNERS PROTECTION ACT
OF 1998.
Section 10 of the Homeowners Protection Act of 1998 (12 U.S.C.
4909) is amended—
(1) in subsection (a)—
(A) by striking ‘‘Compliance’’ and all that follows
through the end of paragraph (1) and inserting the fol-
lowing: ‘‘Subject to subtitle B of the Consumer Financial
Protection Act of 2010, compliance with the requirements
imposed under this Act shall be enforced under—
‘‘(1) section 8 of the Federal Deposit Insurance Act, by
the appropriate Federal banking agency (as defined in section
3(q) of that Act), with respect to—
‘‘(A) insured depository institutions (as defined in sec-

LAWS tion 3(c)(2) of that Act); ‘‘(B) depository institutions described in clause (i), (ii), or (iii) of section 19(b)(1)(A) of the Federal Reserve ActPUBLIC with on anorris VerDate Nov 24 2008 22:28 Sep 03, 2010 Jkt 089139 PO 00203 Frm 00727 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 PUBL203