Consumer Financial Protection Act of 2010
E618778
The Consumer Financial Protection Act of 2010 is a U.S. federal law enacted as part of the Dodd–Frank Act that created the Consumer Financial Protection Bureau and overhauled consumer financial protection regulation in areas such as mortgages, credit cards, and other financial products.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Consumer Financial Protection Act of 2010 canonical | 1 |
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
consumer protection law ⓘ |
| aimsTo |
ensure fair, transparent, and competitive markets for consumer financial products and services
ⓘ
promote transparency in consumer financial products ⓘ |
| authorizes |
enforcement actions against unfair, deceptive, or abusive acts or practices
ⓘ
rulemaking for consumer financial laws ⓘ supervision of certain nonbank financial institutions ⓘ |
| codifiedIn | Title 12 of the United States Code NERFINISHED ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| created | Consumer Financial Protection Bureau NERFINISHED ⓘ |
| createdRegulator | CFPB Director position NERFINISHED ⓘ |
| defines | unfair, deceptive, or abusive acts or practices in consumer finance ⓘ |
| enactedBy | United States Congress ⓘ |
| establishes |
Office of Fair Lending and Equal Opportunity
NERFINISHED
ⓘ
Office of Financial Education NERFINISHED ⓘ Office of Older Americans NERFINISHED ⓘ Office of Service Member Affairs NERFINISHED ⓘ |
| focusesOn | consumer financial protection regulation ⓘ |
| grantsEnforcementAuthorityTo | Consumer Financial Protection Bureau NERFINISHED ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| limits | arbitration clauses in certain consumer financial contracts ⓘ |
| partOf | Dodd–Frank Wall Street Reform and Consumer Protection Act NERFINISHED ⓘ |
| protects | consumers of financial products and services ⓘ |
| providesFor | independent funding for the Consumer Financial Protection Bureau ⓘ |
| purpose |
to consolidate and strengthen consumer financial protection authorities
ⓘ
to protect consumers in the financial marketplace ⓘ |
| regulates |
consumer loans
ⓘ
credit cards ⓘ mortgage lending ⓘ other consumer financial products and services ⓘ payday loans ⓘ private student loans ⓘ |
| relatedTo | Dodd–Frank Wall Street Reform and Consumer Protection Act NERFINISHED ⓘ |
| requires |
data collection on consumer financial markets
ⓘ
simplified disclosures for consumer financial products ⓘ |
| shortName | CFPA NERFINISHED ⓘ |
| signedBy | Barack Obama NERFINISHED ⓘ |
| strengthens | enforcement of existing consumer financial protection statutes ⓘ |
| titleOfDoddFrank | Title X NERFINISHED ⓘ |
| transferredAuthorityFrom |
Federal Deposit Insurance Corporation
NERFINISHED
ⓘ
Federal Reserve Board NERFINISHED ⓘ Federal Trade Commission NERFINISHED ⓘ National Credit Union Administration NERFINISHED ⓘ Office of Thrift Supervision NERFINISHED ⓘ Office of the Comptroller of the Currency NERFINISHED ⓘ |
| yearEnacted | 2010 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.