15 U.S.C. § 1692l : US Code - Section 1692L: Administrative enforcement

Search 15 U.S.C. § 1692l : US Code - Section 1692L: Administrative enforcement

(a) Federal Trade Commission
Compliance with this subchapter shall be enforced by the
Commission, except to the extent that enforcement of the
requirements imposed under this subchapter is specifically
committed to another agency under subsection (b) of this section.
For purpose of the exercise by the Commission of its functions and
powers under the Federal Trade Commission Act [15 U.S.C. 41 et
seq.], a violation of this subchapter shall be deemed an unfair or
deceptive act or practice in violation of that Act. All of the
functions and powers of the Commission under the Federal Trade
Commission Act are available to the Commission to enforce
compliance by any person with this subchapter, irrespective of
whether that person is engaged in commerce or meets any other
jurisdictional tests in the Federal Trade Commission Act, including
the power to enforce the provisions of this subchapter in the same
manner as if the violation had been a violation of a Federal Trade
Commission trade regulation rule.
(b) Applicable provisions of law
Compliance with any requirements imposed under this subchapter
shall be enforced under -
(1) section 8 of the Federal Deposit Insurance Act [12 U.S.C.
1818], in the case of -
(A) national banks, and Federal branches and Federal agencies
of foreign banks, by the Office of the Comptroller of the
Currency;
(B) member banks of the Federal Reserve System (other than
national banks), branches and agencies of foreign banks (other
than Federal branches, Federal agencies, and insured State
branches of foreign banks), commercial lending companies owned
or controlled by foreign banks, and organizations operating
under section 25 or 25(a) (!1) of the Federal Reserve Act [12
U.S.C. 601 et seq., 611 et seq.], by the Board of Governors of
the Federal Reserve System; and
(C) banks insured by the Federal Deposit Insurance
Corporation (other than members of the Federal Reserve System)
and insured State branches of foreign banks, by the Board of
Directors of the Federal Deposit Insurance Corporation;
(2) section 8 of the Federal Deposit Insurance Act [12 U.S.C.
1818], by the Director of the Office of Thrift Supervision, in
the case of a savings association the deposits of which are
insured by the Federal Deposit Insurance Corporation;
(3) the Federal Credit Union Act [12 U.S.C. 1751 et seq.], by
the National Credit Union Administration Board with respect to
any Federal credit union;
(4) subtitle IV of title 49, by the Secretary of
Transportation, with respect to all carriers subject to the
jurisdiction of the Surface Transportation Board;
(5) part A of subtitle VII of title 49, by the Secretary of
Transportation with respect to any air carrier or any foreign air
carrier subject to that part; and
(6) the Packers and Stockyards Act, 1921 [7 U.S.C. 181 et seq.]
(except as provided in section 406 of that Act [7 U.S.C. 226,
227]), by the Secretary of Agriculture with respect to any
activities subject to that Act.
The terms used in paragraph (1) that are not defined in this
subchapter or otherwise defined in section 3(s) of the Federal
Deposit Insurance Act (12 U.S.C. 1813(s)) shall have the meaning
given to them in section 1(b) of the International Banking Act of
1978 (12 U.S.C. 3101).
(c) Agency powers
For the purpose of the exercise by any agency referred to in
subsection (b) of this section of its powers under any Act referred
to in that subsection, a violation of any requirement imposed under
this subchapter shall be deemed to be a violation of a requirement
imposed under that Act. In addition to its powers under any
provision of law specifically referred to in subsection (b) of this
section, each of the agencies referred to in that subsection may
exercise, for the purpose of enforcing compliance with any
requirement imposed under this subchapter any other authority
conferred on it by law, except as provided in subsection (d) of
this section.
(d) Rules and regulations
Neither the Commission nor any other agency referred to in
subsection (b) of this section may promulgate trade regulation
rules or other regulations with respect to the collection of debts
by debt collectors as defined in this subchapter.