HR 4548
Unfair or Deceptive Acts or Practices Uniformity Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill modifies the Consumer Financial Protection Act of 2010 to align the Bureau’s authority over unfair or deceptive practices with that of the Federal Trade Commission. Specifically, it limits the Bureau’s ability to take action against financial companies unless they consult with the company’s primary regulatory agency and requires Bureau rule-making to follow FTC procedures. The changes aim to improve coordination between financial regulators and standardize enforcement approaches.
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Primary sponsor
Cosponsors
Alexander X. Mooney
Blaine Luetkemeyer
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