124 STAT. 2090 PUBLIC LAW 111–203—JULY 21, 2010 ‘‘(F) the Commodity Exchange Act, with respect to a person subject to the jurisdiction of the Commodity Futures Trading Commission; ‘‘(G) the Federal securities laws, and any other laws that are subject to the jurisdiction of the Securities and Exchange Commission, with respect to a person that is subject to the jurisdiction of the Securities and Exchange Commission; and ‘‘(H) subtitle E of the Consumer Financial Protection Act of 2010, by the Bureau, with respect to any person subject to this title. ‘‘(2) INCORPORATED DEFINITIONS.—The terms used in para- graph (1) that are not defined in this title or otherwise defined in section 3(s) of the Federal Deposit Insurance Act (12 U.S.C. 1813(s)) have the same meanings as in section 1(b) of the International Banking Act of 1978 (12 U.S.C. 3101).’’; (C) in subsection (c)(2)— (i) by inserting ‘‘and the Federal Trade Commis- sion’’ before ‘‘or the appropriate’’; and (ii) by inserting ‘‘and the Federal Trade Commis- sion’’ before ‘‘or appropriate’’ each place that term appears; (D) in subsection (c)(4), by inserting before ‘‘or the appropriate’’ each place that term appears the following: ‘‘, the Federal Trade Commission,’’; (E) by striking subsection (e) and inserting the fol- lowing: ‘‘(e) REGULATORY AUTHORITY.— ‘‘(1) IN GENERAL.—The Bureau shall prescribe such regula- tions as are necessary to carry out the purposes of this title, except with respect to sections 615(e) and 628. The Bureau may prescribe regulations as may be necessary or appropriate to administer and carry out the purposes and objectives of this title, and to prevent evasions thereof or to facilitate compli- ance therewith. Except as provided in section 1029(a) of the Consumer Financial Protection Act of 2010, the regulations prescribed by the Bureau under this title shall apply to any person that is subject to this title, notwithstanding the enforce- ment authorities granted to other agencies under this section. ‘‘(2) DEFERENCE.—Notwithstanding any power granted to any Federal agency under this title, the deference that a court affords to a Federal agency with respect to a determination made by such agency relating to the meaning or interpretation of any provision of this title that is subject to the jurisdiction of such agency shall be applied as if that agency were the only agency authorized to apply, enforce, interpret, or admin- ister the provisions of this title The regulations prescribed by the Bureau under this title shall apply to any person that is subject to this title, notwithstanding the enforcement authori- ties granted to other agencies under this section.’’; and (F) in subsection (f)(2), by striking ‘‘the Federal banking agencies’’ and insert ‘‘the Federal Trade Commission, the Federal banking agencies,’’; (11) in section 623 (15 U.S.C. 1681s–2)— (A) in subsection (a)(7), by striking subparagraph (D) and inserting the following: ‘‘(D) MODEL DISCLOSURE.— Applicability.
