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PUBLIC LAW 111–203—JULY 21, 2010 124 STAT. 2111

‘‘(2) that is committed by a person subject to the Consumer
Financial Protection Act of 2010 shall be treated as a violation
of a rule under section 1031 of that Act regarding unfair,
deceptive, or abusive acts or practices.’’.
(b) AMENDMENTS TO SECTION 4.—Section 4(d) of the Tele-
marketing and Consumer Fraud and Abuse Prevention Act (15
U.S.C. 6103(d)) is amended by inserting after ‘‘Commission’’ each
place that term appears the following: ‘‘or the Bureau of Consumer
Financial Protection’’.
(c) AMENDMENTS TO SECTION 5.—Section 5(c) of the Tele-
marketing and Consumer Fraud and Abuse Prevention Act (15
U.S.C. 6104(c)) is amended by inserting after ‘‘Commission’’ each
place that term appears the following: ‘‘or the Bureau of Consumer
Financial Protection’’.
(d) AMENDMENT TO SECTION 6.—Section 6 of the Telemarketing
and Consumer Fraud and Abuse Prevention Act (15 U.S.C. 6105)
is amended by adding at the end the following:
‘‘(d) ENFORCEMENT BY BUREAU OF CONSUMER FINANCIAL
PROTECTION.—Except as otherwise provided in sections 3(d), 3(e),
4, and 5, and subject to subtitle B of the Consumer Financial
Protection Act of 2010, this Act shall be enforced by the Bureau
of Consumer Financial Protection under subtitle E of the Consumer
Financial Protection Act of 2010, with respect to the offering or
provision of a consumer financial product or service subject to
that Act.’’.

SEC. 1100D. AMENDMENTS TO THE PAPERWORK REDUCTION ACT.
(a) DESIGNATION AS AN INDEPENDENT AGENCY.—Section 2(5)
of the Paperwork Reduction Act (44 U.S.C. 3502(5)) is amended
by inserting ‘‘the Bureau of Consumer Financial Protection, the
Office of Financial Research,’’ after ‘‘the Securities and Exchange
Commission,’’.
(b) COMPARABLE TREATMENT.—Section 3513 of title 44, United
States Code, is amended by adding at the end the following:
‘‘(c) COMPARABLE TREATMENT.—Notwithstanding any other
provision of law, the Director shall treat or review a rule or order
prescribed or proposed by the Director of the Bureau of Consumer
Financial Protection on the same terms and conditions as apply
to any rule or order prescribed or proposed by the Board of Gov-
ernors of the Federal Reserve System.’’.

SEC. 1100E. ADJUSTMENTS FOR INFLATION IN THE TRUTH IN LENDING
ACT.
(a) CAPS.—
(1) CREDIT TRANSACTIONS.—Section 104(3) of the Truth in
Lending Act (15 U.S.C. 1603(3)) is amended by striking
‘‘$25,000’’ and inserting ‘‘$50,000’’.
(2) CONSUMER LEASES.—Section 181(1) of the Truth in
Lending Act (15 U.S.C. 1667(1)) is amended by striking
‘‘$25,000’’ and inserting ‘‘$50,000’’.
(b) ADJUSTMENTS FOR INFLATION.—On and after December 31, Deadline.
2011, the Bureau shall adjust annually the dollar amounts described 15 USC 1603
in sections 104(3) and 181(1) of the Truth in Lending Act (as note.
amended by this section), by the annual percentage increase in

LAWS the Consumer Price Index for Urban Wage Earners and Clerical Workers, as published by the Bureau of Labor Statistics, rounded to the nearest multiple of $100, or $1,000, as applicable.PUBLIC with on anorris VerDate Nov 24 2008 18:46 Sep 08, 2010 Jkt 089139 PO 00203 Frm 00737 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 PUBL203