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7 U.S.C. § 7b–2 — Privacy
Federal law — U.S. Code and appendices · legal_authorities
**(a) Treatment as financial institutions** Notwithstanding section 509(3)(B) of the Gramm-Leach-Bliley Act [[15 U.S.C. 6809(3)(B)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section6809/3/B&num=0&edition=prelim)], any futures commission merchant, commodity trading advisor, commodity pool operator, or introducing broker that is subject to the jurisdiction of the Commission under this chapter with respect to any financial activity shall be treated as a financial institution for purposes of title V of such Act [[15 U.S.C. 6801](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section6801&num=0&edition=prelim) et seq.] with respect to such financial activity.
**(b) Treatment of CFTC as Federal functional regulator** For purposes of title V of such Act [[15 U.S.C. 6801](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section6801&num=0&edition=prelim) et seq.], the Commission shall be treated as a Federal functional regulator within the meaning of section 509(2) of such Act [[15 U.S.C. 6809(2)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section6809/2&num=0&edition=prelim)] and shall prescribe regulations under such title within 6 months after December 21, 2000.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 7b–2
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Stable record: federal_law:legal_authorities:record_usc_35261df295e52488329fba78
Source file: Laws/federal/codes/united-states-code/title-7/section-7b2-privacy--8560077b6d.md
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Source location: Title 7, Chapter 1, § 7b–2; chapter-001-commodity-exchanges.md
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**(a) Treatment as financial institutions** Notwithstanding section 509(3)(B) of the Gramm-Leach-Bliley Act [[15 U.S.C. 6809(3)(B)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section6809/3/B&num=0&edition=prelim)], any futures commission merchant, commodity trading advisor, commodity pool operator, or introducing broker that is subject to the jurisdiction of the Commission under this chapter with respect to any financial activity shall be treated as a financial institution for purposes of title V of such Act [[15 U.S.C. 6801](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section6801&num=0&edition=prelim) et seq.] with respect to such financial activity.
**(b) Treatment of CFTC as Federal functional regulator** For purposes of title V of such Act [[15 U.S.C. 6801](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section6801&num=0&edition=prelim) et seq.], the Commission shall be treated as a Federal functional regulator within the meaning of section 509(2) of such Act [[15 U.S.C. 6809(2)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section6809/2&num=0&edition=prelim)] and shall prescribe regulations under such title within 6 months after December 21, 2000.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment of Corporation** There is hereby established a Federal Deposit Insurance Corporation (hereinafter referred to as the “Corporation”) which shall insure, as hereinafter provided, the deposits of all banks and savings associations which are entitled to the benefits of insurance under this chapter, and which shall have the powers hereinafter granted.
**(b) Asset disposition division**
(1) **Establishment** — The Corporation shall have a separate division of asset disposition.
(2) **Management** — The division of asset disposition shall have an administrator who shall be appointed by the Board of Directors.
(3) **Responsibilities of division** — The division of asset disposition shall carry out all of the responsibilities of the Corporation under this chapter relating to the liquidation of insured depository institutions and the disposition of assets of such institutions.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1811
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Privacy obligation policy** It is the policy of the Congress that each financial institution has an affirmative and continuing obligation to respect the privacy of its customers and to protect the security and confidentiality of those customers’ nonpublic personal information.
**(b) Financial institutions safeguards** In furtherance of the policy in subsection (a), each agency or authority described in [section 6805(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section6805/a&num=0&edition=prelim), other than the Bureau of Consumer Financial Protection, shall establish appropriate standards for the financial institutions subject to their jurisdiction relating to administrative, technical, and physical safeguards—
(1) to insure the security and confidentiality of customer records and information;
(2) to protect against any anticipated threats or hazards to the security or integrity of such records; and
(3) to protect against unauthorized access to or use of such records or information which could result in substantial harm or inconvenience to any customer.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 6801
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Regulatory authority**
(1) **Rulemaking**
(A) *In general* — Except as provided in subparagraph (C), the Bureau of Consumer Financial Protection and the Securities and Exchange Commission shall have authority to prescribe such regulations as may be necessary to carry out the purposes of this subchapter with respect to financial institutions and other persons subject to their respective jurisdiction under [section 6805 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section6805&num=0&edition=prelim) (and notwithstanding subtitle B of the Consumer Financial Protection Act of 2010 [[12 U.S.C. 5511](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5511&num=0&edition=prelim) et seq.]), except that the Bureau of Consumer Financial Protection shall not have authority to prescribe regulations with respect to the standards under [section 6801 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section6801&num=0&edition=prelim).
(B) *CFTC* — The Commodity Futures Trading Commission shall have authority to prescribe such regulations as may be necessary to carry out the purposes of this subchapter with respect to financial institutions and other persons subject to the jurisdiction of the Commodity Futures Trading Commission under [section 7b–2 of title 7](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7b–2&num=0&edition=prelim).
(C) *Federal Trade Commission authority* — Notwithstanding the authority of the Bureau of Consumer Financial Protection under subparagraph (A), the Federal Trade Commission shall have authority to prescribe such regulations as may be necessary to carry out the purposes of this subchapter with respect to any financial ins
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 6804
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Regulations.—** Before the end of the 270-day period beginning on the date of the enactment of this subchapter, the Secretary and the Board of Governors of the Federal Reserve System, in consultation with the Attorney General, shall prescribe regulations (which the Secretary and the Board jointly determine to be appropriate) requiring each designated payment system, and all participants therein, to identify and block or otherwise prevent or prohibit restricted transactions through the establishment of policies and procedures reasonably designed to identify and block or otherwise prevent or prohibit the acceptance of restricted transactions in any of the following ways:
(1) The establishment of policies and procedures that—
(A) allow the payment system and any person involved in the payment system to identify restricted transactions by means of codes in authorization messages or by other means; and
(B) block restricted transactions identified as a result of the policies and procedures developed pursuant to subparagraph (A).
(2) The establishment of policies and procedures that prevent or prohibit the acceptance of the products or services of the payment system in connection with a restricted transaction.
**(b) Requirements for Policies and Procedures.—** In prescribing regulations under subsection (a), the Secretary and the Board of Governors of the Federal Reserve System shall—
(1) identify types of policies and procedures, including nonexclusive examples, which would be deemed, as applicable, to be reasonably designed to identify and block or otherwise prevent or prohibit the acceptance of the products or services with respect to each type of restricted transaction;
(2) to the extent practical, permit any participant in a payment system to choose among
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 5364
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Federal law — U.S. Code and appendices · legal_authorities
Page 2289
TITLE 15—COMMERCE AND TRADE
§ 6801
(10) State law
(A) In general
The term ‘‘State law’’ includes all laws,
decisions, rules, regulations, or other State
action having the effect of law, of any State.
(B) Laws applicable in the District of Colum-
bia
A law of the United States applicable only
to or within the District of Columbia shall
be treated as a State law rather than a law
of the United States.
(Pub. L. 106–102, title III, § 334, as added Pub. L.
114–1, title II, § 202(a), Jan. 12, 2015, 129 Stat. 27.)
Editorial Notes
PRIOR PROVISIONS
Provisions similar to this section were contained in
section 6766 of this title, prior to the general amend-
ment of this subchapter by Pub. L. 114–1.
A prior section 6764, Pub. L. 106–102, title III, § 334,
Nov. 12, 1999, 113 Stat. 1433, related to coordination with
other regulators, prior to the general amendment of
this subchapter by Pub. L. 114–1. See section 6761 of this
title.
A prior section 6765, Pub. L. 106–102, title III, § 335,
Nov. 12, 1999, 113 Stat. 1433, which related to judicial re-
view, was omitted in the general amendment of this
subchapter by Pub. L. 114–1. See section 6762 of this
title.
A prior section 6766, Pub. L. 106–102, title III, § 336,
Nov. 12, 1999, 113 Stat. 1433, which related to definitions,
was omitted in the general amendment of this sub-
chapter by Pub. L. 114–1.
SUBCHAPTER IV—RENTAL CAR AGENCY
INSURANCE ACTIVITIES
§ 6781. Standard of regulation for motor vehicle
rentals
(a) Protection against retroactive application of
regulatory and legal action
Except as provided in subsection (b), during
the 3-year period beginning on November 12,
1999, it shall be a presumption that no State law
imposes any licensing, appointment, or edu-
cation requirements on any p
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 6801
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Federal law — U.S. Code and appendices · legal_authorities
As used in this subchapter:
(1) **Federal banking agency** — The term “Federal banking agency” has the same meaning as given in [section 1813 of title 12](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1813&num=0&edition=prelim).
(2) **Federal functional regulator** — The term “Federal functional regulator” means—
(A) the Board of Governors of the Federal Reserve System;
(B) the Office of the Comptroller of the Currency;
(C) the Board of Directors of the Federal Deposit Insurance Corporation;
(D) the Director of the Office of Thrift Supervision;
(E) the National Credit Union Administration Board; and
(F) the Securities and Exchange Commission.
(3) **Financial institution**
(A) *In general* — The term “financial institution” means any institution the business of which is engaging in financial activities as described in [section 1843(k) of title 12](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1843/k&num=0&edition=prelim).
(B) *Persons subject to CFTC regulation* — Notwithstanding subparagraph (A), the term “financial institution” does not include any person or entity with respect to any financial activity that is subject to the jurisdiction of the Commodity Futures Trading Commission under the Commodity Exchange Act [[7 U.S.C. 1](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1&num=0&edition=prelim) et seq.].
(C) *Farm credit institutions* — Notwithstanding subparagraph (A), the term “financial institution” does not include the Federal Agricultural Mortgage Corporation or any entity chartered and operating under the Farm Credit Act of 1971 [[12 U.S.C. 2001](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2001&num=0&edition=prel
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 6809
Stored review status: release_metadata_unconfirmed. The source passage cites 15 U.S.C. § 6809. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 2296
TITLE 15—COMMERCE AND TRADE
§ 6809
§ 6809. Definitions
As used in this subchapter:
(1) Federal banking agency
The term ‘‘Federal banking agency’’ has the
same meaning as given in section 1813 of title
12.
(2) Federal functional regulator
The term ‘‘Federal functional regulator’’
means—
(A) the Board of Governors of the Federal
Reserve System;
(B) the Office of the Comptroller of the
Currency;
(C) the Board of Directors of the Federal
Deposit Insurance Corporation;
(D) the Director of the Office of Thrift Su-
pervision;
(E) the National Credit Union Administra-
tion Board; and
(F) the Securities and Exchange Commis-
sion.
(3) Financial institution
(A) In general
The term ‘‘financial institution’’ means
any institution the business of which is en-
gaging in financial activities as described in
section 1843(k) of title 12.
(B) Persons subject to CFTC regulation
Notwithstanding subparagraph (A), the
term ‘‘financial institution’’ does not in-
clude any person or entity with respect to
any financial activity that is subject to the
jurisdiction of the Commodity Futures Trad-
ing Commission under the Commodity Ex-
change Act [7 U.S.C. 1 et seq.].
(C) Farm credit institutions
Notwithstanding subparagraph (A), the
term ‘‘financial institution’’ does not in-
clude the Federal Agricultural Mortgage
Corporation or any entity chartered and op-
erating under the Farm Credit Act of 1971 [12
U.S.C. 2001 et seq.].
(D) Other secondary market institutions
Notwithstanding subparagraph (A), the
term ‘‘financial institution’’ does not in-
clude institutions chartered by Congress
specifically to engage in transactions de-
scribed in section 6802(e)(1)(C) of this title,
as long as such institutions do not sell or
transfer nonpublic personal inform
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 6809
Stored review status: historical_2024_not_currentness_verified. The source passage cites 15 U.S.C. § 6809. This identifies an authority to review, not proof of applicability.