12 U.S.C. § 5603
Review, report, and program with respect to exchange facilitators
United States · Title 12 — BANKS AND BANKING · Status: effective
Cite this
- Citation
- 12 U.S.C. § 5603, Review, report, and program with respect to exchange facilitators, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/439107
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Full text
The Director shall review all Federal laws and regulations relating to the protection of consumers who use exchange facilitators for transactions primarily for personal, family, or household purposes.
Not later than 1 year after the designated transfer date, the Director shall submit to Congress a report describing—
Not later than 2 years after the date of the submission of the report under subsection (b), the Bureau shall, consistent with part B, propose regulations or otherwise establish a program to protect consumers who use exchange facilitators.
In this section, the term “exchange facilitator” means a person that—
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Dodd-Frank Wall Street Reform and Consumer Protection Act