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CT HB06284
Bill
Status
6/21/2011
Primary Sponsor
Toni Harp
Click for details
AI Summary
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Adds the Bureau of Consumer Financial Protection to the definition of "supervisory agency" in banking statutes, effective July 21, 2011.
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Updates references to federal consumer protection regulations to include the Bureau of Consumer Financial Protection alongside the Federal Reserve Board in sections governing electronic fund transfers, mortgage lending, consumer credit, and fair credit reporting.
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Grants the commissioner authority to exempt persons or classes of persons from requirements under securities laws when in the public interest and consistent with investor protection.
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Updates state banking law references to federal consumer leasing regulations and the Consumer Credit Protection Act to recognize the Bureau of Consumer Financial Protection's regulatory authority.
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Modifies provisions affecting Federal Reserve regulations, operating circulars, and clearinghouse rules to include equivalent regulations issued by the Bureau of Consumer Financial Protection.
Legislative Description
An Act Concerning Revisions To The Banking Statutes To Reflect Changes Made Pursuant To The Dodd-frank Wall Street Reform And Consumer Protection Act.
Last Action
Signed by the Governor
7/8/2011