2017 US Code
Title 12 - Banks and Banking
Chapter 53 - Wall Street Reform and Consumer Protection
Subchapter V - Bureau of Consumer Financial Protection
Part C - Specific Bureau Authorities
Sec. 5536 - Prohibited acts
| 12 U.S.C. § 5536 (2017) |
| §5536. Prohibited acts |
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(a) In general
It shall be unlawful for— (1) any covered person or service provider— (A) to offer or provide to a consumer any financial product or service not in conformity with Federal consumer financial law, or otherwise commit any act or omission in violation of a Federal consumer financial law; or (B) to engage in any unfair, deceptive, or abusive act or practice; (2) any covered person or service provider to fail or refuse, as required by Federal consumer financial law, or any rule or order issued by the Bureau thereunder— (A) to permit access to or copying of records; (B) to establish or maintain records; or (C) to make reports or provide information to the Bureau; or (3) any person to knowingly or recklessly provide substantial assistance to a covered person or service provider in violation of the provisions of section 5531 of this title, or any rule or order issued thereunder, and notwithstanding any provision of this title,1 the provider of such substantial assistance shall be deemed to be in violation of that section to the same extent as the person to whom such assistance is provided. No person shall be held to have violated subsection (a)(1) solely by virtue of providing or selling time or space to a covered person or service provider placing an advertisement. |
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(Pub. L. 111–203, title X, §1036, July 21, 2010, 124 Stat. 2010.) |
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REFERENCES IN TEXT
This title, where footnoted in subsec. (a)(3), is title X of Pub. L. 111–203, July 21, 2010, 124 Stat. 1955, known as the Consumer Financial Protection Act of 2010, which enacted this subchapter and enacted, amended, and repealed numerous other sections and notes in the Code. For complete classification of title X to the Code, see Short Title note set out under section 5301 of this title and Tables. EFFECTIVE DATESection effective on the designated transfer date, see section 1037 of Pub. L. 111–203, set out as a note under section 5531 of this title. |
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1 See References in Text note below. |
| United States Code, 2012 Edition, Supplement 5, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 53 - WALL STREET REFORM AND CONSUMER PROTECTION SUBCHAPTER V - BUREAU OF CONSUMER FINANCIAL PROTECTION Part C - Specific Bureau Authorities Sec. 5536 - Prohibited acts |
| section 5536 |
| 2017 |
| January 12, 2018 |
| No |
| standard |
| 124 Stat. 2010, 1955 |
| Public Law 111-203 |
