H.R. 3526 would include all banking agencies within the existing regulatory authority under the Federal Trade Commission Act with respect to depository institutions.

== Detailed Summary ==

<summary>
(Log Amends the Federal Trade Commission Act to transfer to each federal banking agency, with respect to depository institutions it supervises, the authority to prescribe regulations governing unfair or deceptive practices by banks and savings and loan institutions currently vested in the Board of Governors of the Federal Reserve System (with respect to editbanks) and the wikiFederal Home Loan Bank Board (with respect to savings and beloan institutions).

Requires the firstfederal banking agencies to provideprescribe such regulations: (1) jointly to the extent practicable; and (2) in consultation with the Federal Trade Commission (FTC).

Authorizes the FTC, with respect to entities within its jurisdiction, to commence a detailed summaryrulemaking proceeding and prescribe regulations whenever such banking agencies commence a rulemaking proceeding.

Requires the FTC, whenever it commences such a rulemaking proceeding, to consult and coordinate with the federal banking agencies and the National Credit Union Administration (NCUA) Board so that the regulations prescribed by each such agency are consistent with and comparable to the regulations prescribed by the agencies to the extent practicable.

Instructs the Comptroller General to report to Congress on the status of regulations of the bill!)federal banking agencies and the NCUA regarding unfair and deceptive acts or practices by depository institutions.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 9/14/2007:12/6/2007: Referred to HouseSenate committee. Status: Referred toReceived in the Committee on Financial Services,Senate and in additionRead twice and referred to the Committee on EnergyBanking, Housing, and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.Urban Affairs.
</status>

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== Points in Favor ==

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== Points Against ==

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